Charlton confirm takeover talks with investor

first_imgCharlton have confirmed they are in talks with an investor about taking over the club.The League One side said they expect a takeover of the club to be completed by a select group of investors linked to The Australian Football Consortium. A statement on the club’s website said: “The group has a significant interest in the long-term prosperity of the club and is committed to seeing the deal go ahead.“Understandably, negotiations of this scale take time due to the enormous amount of due diligence that goes on behind the scenes, the need to satisfy the regulatory complexities of a football takeover and the challenges of assembling an ownership group.“The current ownership would like to assure the club’s supporters that the running of the club will remain its priority throughout this process.“The club’s management team are focused on the club’s operations, and Lee Bowyer and his staff are continuing their preparations for the upcoming season.”The south east London club are currently owned by Belgian businessman Roland Duchatelet, who took over the Addicks in January 2014.The Australian Football Consortium, which was founded in 2016, said on their website: “Our goal is quite simple: To rebuild the club that we acquire and over time, attempt to elevate it to the Premier League.”The last time Charlton were in the Premier League was for the 2006/07 season, where they were relegated with 34 points. Charlton finished sixth in League One in the 2017/18 season center_img 1last_img

Leave a Reply

Your email address will not be published. Required fields are marked *