“The board and senior management team are determined that Charlton Athletic be run in a sensible, responsible and sustainable manner but this is being made very difficult by the majority shareholder’s actions and his failure to provide either the necessary satisfaction to the EFL or the funds that he has consistently promised to invest,” Southall’s statement said. "We don't demand the release of commercially sensitive detail but surely, we deserve better than the fog of bland and empty reassurance that is all we have been offered so far," the letter said.
The takeover of Charlton Athletic has descended into chaos with the main promised investor announcing he has now pulled out, and a furious public disagreement between the new owners
Charlton Athletic: English Football League rejects takeover by Paul Elliott By Simon Stone & Laura Scott BBC Sport Last updated on 7 August 2020 7 August 2020 . BBC Sport has been told Farnell's stake in Charlton would be minimal, that he and Elliott regard the EFL's decision as being related to a technical breach and an appeal has already been submitted.
The EFL has not been satisfied about the “source and sufficiency” of the funding to buy and run the club, according to its rules governing the approval of new ownership, in more than two months since the takeover was announced. Thomas Sandgaard confirms takeover of Charlton Athletic: ‘Three to five years, Premier League’ By Tom Canton Published: September 25, 2020 6:58 pm Finally Are you sure you want to delete this comment?
No arrests were made, although it was reported after the fans had been moved on that some pushing and shoving had taken place. Get latest scores and headlines sent straight to your phone, sign-up to our newsletter and learn where to find us on online. Charlton Athletic can confirm that it is expecting a takeover of the club to be completed by a select group of investors linked to The Australian Football Consortium. Charlton director Marian Mihail tweeted on Tuesday night: “I hope the club, Valley and Sparrows Lane will one day get back under the same owner too, but maybe 2020 is not the year for that. Former Southampton manager Dave Jones was in the office at the time discussing a role at Charlton, although it is understood it would not involve replacing any current members of staff. Charlton Athletic’s future has been uncertain for several months following the collapse in relations between Nimer and Matt Southall. EXCLUSIVE ... Sandgaard reveals Premier League ambitions for Charlton after takeover Football EXCLUSIVE kept out. The group has a significant interest in the long-term prosperity of the club and is committed to seeing the deal go ahead.
Charlton Athletic announce takeover talks are taking place with Belgian millionaire Rolan Duchatelet. A potential takeover of Charlton Athletic has been put on hold for seven days after a court granted an interim injunction against a sale. Southall is understood to have a salary of approximately £200,000 as the full-time Charlton executive chairman, and to have been provided with the use of a two bedroom apartment in central London, as he lives in the Manchester area.
ESI was originally owned by Tahnoon Nimer and Matt Southall but after the pair fell out and Nimer refused to put any more funding into the club, Elliott stepped in to buy it in June. The takeover of Charlton Athletic, which was announced with great optimism in January after years of supporters’ protests against the previous owner Roland Duchâtelet, has descended into chaos with the main promised investor announcing he has pulled out, and a furious public disagreement between the new owners.
Addicks chairman Michael Slater confirmed that …
Wealthy Danish businessman Thomas Sandgaard wants to secure at least a 10-year rental deal for The Valley as part his proposed takeover of Charlton. here. BBC Sport has also established the Solicitors' Regulation Authority is investigating a complaint made about Farnell.
Tahnoon Nimer, a business administrator based in Abu Dhabi, was announced in January as the takeover’s principal financier and main shareholder in the company vehicle, East Street Investments, alongside Matt Southall, a former football agent, and Jonathan Heller, a consultant. In response the club released a statement from Southall, rejecting Nimer’s allegations as “malicious falsehoods”, and claiming that Nimer himself has put no money into the club: “To date, not a single penny of the promised funds has been provided,” it said. Sandgaard’s preference is to buy the stadium and Sparrows Lane training ground, but the freeholds are still owned by former Charlton owner Roland Duchatelet. A number of clubs have already shown that takeovers can be completed during the pandemic, with Wigan Athletic nearing a sale and Charlton Athletic already purchased by … Duchatelet has notoriously been difficult to deal with, but Sandgaard had positive talks with the Belgian’s representative Lieven De Turck this week and is optimistic a deal can be struck.
Charlton Athletic. Earlier on Friday, before the EFL decision was released, the Charlton Athletic Supporters Trust wrote to Elliot and urged him to "come clean" and explain why he had not met EFL regulations. Should the appeal not be successful, it would put Charlton and the EFL in a difficult position given the owners of the club would have no authority to run it on a day-to-day basis. Sandgaard has told the South London Press that he hopes to have a deal in place to buy Charlton by the end of the week. Under Bowyer, the club won promotion with a victory over Sunderland in the play-off final in May, and following the takeover, better times appeared to beckon, but now uncertainty rules at The Valley again.
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