A price of £18 million has been agreed between Charlton's current board and the property company which is set to buy the club, reveals the South London Press. The prospective new owners, whose identity has not yet been revealed, are also thought to be ready to take on the club's £4million bank debts, plus £7m owed to former directors when the Addicks return to the Premier League. This is a much more realistic figure than the £40m+ that has been talked about before.
The SLP states, 'There has also been little opposition to a move the Greenwich Peninsula in the long run - as long as other aspects of the club's identity are not changed. [My view is that there has not been time for such opposition to develop]. Some fans have, though expressed anger that a move could be suggested after the Return to The Valley campaign brought, the club back to its original home in 1992.' [Which in my view is fit for purpose].
The Valley board has in the past produced an appraisal that it could deliver a "40,000-seat stadium on the Morden Wharf site on the Greenwich peninsula at no cost. That would mean making housing a part of the development on the 19 acre site. But crucially The Valley plot could satisfy the council's requirement that a portion of any new development be composed of social housing. [Not a cheap or easy site to develop in my view, but perhaps the West Stand offices and hospitality suites could be converted into apartments].
The wharf site, next to the O2 Arena and with 500m of river frontage, is currently owned by Morden College, a Blackheath-based company which runs homes for the elderly - but the lease is held by developers Cathedral.The Council's Peninsula West Master plan envisages turning the area into London's premier entertainment zone by "focusing regeneration around multi-purpose sports, entertainment and education facilities".