Michael Gliksten, the chairman of Charlton from 1962 to 1982 and the last member of the Glikesten dynasty to head up the club, has succumbed to a long battle with cancer.
Gliksten sold the club in 1982 to Mark Hulyer for a token £1,000, but retained ownership of the ground through his company, Adelong. The ground was then valued at £414,000. He loaned £300,000 to the club to cover half the existing overdraft.
One factor that led him to sell up was that he was involved in a farming enterprise in Australia which was difficult to combine with sorting out Charlton's problems.
Gliksten, however, retained two acres of land behind the West Stand and this subsequently became the subject of a complicated legal dispute in the period leading up to the club's departure from The Valley.