Charlton Athletic criticise Championship Financial Fair Play changes

Charlton Athletic have spoken out against the changes to Financial Fair Play regulations in the Championship.

The Addicks are one of six second-tier clubs who voted against the alterations which will allow clubs larger losses from 2016-17.

"We are looking to a break-even model. We want to reduce losses and certainly don't want to be increasing them," the club's chief financial officer David Joyes told BBC London 94.9.

"For us as a company, and the owner, we see that as a sensible way of running a business.

"Clearly a number of clubs disagree with that and want the ability to invest well over and above the current level of losses. It is a significant increase."

The changes will see the Championship's FFP rules fit more in line with those of the Premier League.

The rules allow losses to go beyond £15m a season but not exceed £39m over three terms.

Clubs will submit their latest accounts to the Football League soon and it is expected that some may face heavy fines or a transfer embargo.