Elevation to the Premier League sent sales soaring at Charlton in the year to 30 June. Turnover rose from £11.7m to £28.3m, boosted by television and broadcast income, which was lifted to £15.76m (£3.3m). Chairman Richard Murray said that match day sales clipped up from £5.2m to £7.4m and demand for season tickets remained strong. The Addicks made a creditable profit before tax of £323,000 compared to losses of £2.8m last time out, and raised money for players in two equity issues of £5.2m and £1.3m during the period. On the playing side, some £12.6m was spent on five international players and development of The Valley continued apace - in March construction began on the redevelopment of the north stand, which will boost capacity at the ground to 26,500 through an extra 6,500 seats. Murray struck a note of concern regarding changes to the transfer system demanded by the European Commission which might undermine contracts and club stability. He also added that strike threats by players were of 'great concern' and that everything possible must be done to reach a settlement. The shares currently trade just a penny off the 52-week low against a 44.5p high.