Sunday, 30 June 2013

Russian takeover bid?

The Daily Mail is reporting that a Russian group of investors is interested in taking over Charlton, following the failure of last year's Turkish bid. No independent confirmation is available: Charlski

Whilst there is undoubtedly an element of kite flying in this story, one version of events is that a process of due diligence is under way. The Russians are believed to have been interested for some time, but one stumbling block has been the asking price.

Usually well-informed sources are suggesting that the deal collapsed on Friday, so it looks as if the story is behind the curve of events.

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