Monday, 8 November 2010

Several bids on table for Addicks

Peter Ridsdale has formally denied any interest in Charlton, so that is another false lead from the News of the Screws.

Normally reliable sources are indicating that there are multiple bids for Charlton on the table. However, it has been alleged that one of these groups (said to involve Sainsburys) has among its number a Paul Garland who has been convicted of fraud: Garland

It is understood that there was a board meeting yesterday and that the risk of Garland's involvement has receded. The Ridsdale story appears to have been a diversionary tactic.

It is believed that many of the bids would involve borrowing against The Valley to raise additional funds.

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