Sparrows Lane could be sold

Much scepticism has been expressed about the idea that Sparrows Lane could be sold as part of any restructuring at Charlton. It has been pointed out that access is limited, although it is proposed to construct a new entrance from Foots Crays Road. It has also been pointed out that permission has been refused to develop the overgrown Gaelic Athletic Association site nearby. But government policy is placing an increasing emphasis on the need for an adequate supply of affordable housing, not least in London.

Now Addicks supremo Peter Varney has admitted that there could be an alternative. Writing in the programme, he reveals that Charlton have been in discussion over the past year with US-based property developers Libery Trust. This is currently developing a site at Kings Hill for housing and business unit use in partnership with Kent County Council. Planning applications are about to be submitted with full support from Charlton.

Part of the plan is the provision of commnity sport facilities. But there will also be a new, state-of-the-art training complex on the former Heath Farm site. Charlton 'look forward to a long and successful partnership with Liberty Trust.' In other words, a replacement for Sparrows Lane is available.

On the broader takeover issue, Peter Varney urges supporters to ignore press reports which suggests that speculation about Russians or Nigerians is wide of the mark. He says that Seymour Pierce are there to advise, among other things, on new investment from existing shareholders and/or new investors. But new directors have been brought on board in the past, or existing ones have put in more money, without the benefit of an external adviser.

In other words, a takeover remains a possibility, as Varney admits. But it could be a deal in which Richard Murray and his fellow directors retain a stake in the club and a role in the board. Such a solution could bring in new investment whilst reassuring the Addickted.