Women's team scrapped

As part of its economy drive following relegation from the Premiership, Charlton has scrapped its women's team:
Gone

I know that many people do not take women's football seriously. But our team has been a relatively successful aspect of our operation in recent years. I went to the league cup final at High Wycombe and greatly enjoyed the discomfiture of the assembled Gooners at being denied what they thought was their rightful and inevitable victory.

It was also an important part of Charlton's community presence. Did it really cost more than the salary of a fringe player?