Friday 29 November 2019

New owners for club

Charlton Athletic has been sold to Abu Dhabi consortium East Street Investments: Roland has gone

East Street Investments (recalling where the club was founded) is fronted by Matt Southall, a former football agent and fitness entrepreneur. East Street Investments’ majority shareholder is wealthy businessman Tahnoon Nimer.

You can see a video interview discussing his business interests here: Tahnoon Nimer

In a statement the new club chairman Matt Southall said: 'We are privileged to take ownership of such an historic club and it is incredibly exciting to be part of the process of building a fresh future for the fans, loyal club staff and players of Charlton Athletic.'

'While we may be the club owners, truly we are only the custodians. The true spirit of this football club rests with the fans, it is nothing without them. Their support throughout some difficult times both recently and in the past has been inspirational and we intend to build on that loyalty. Our priority will be immediate contact with fan groups in order that their views play a major role in the club going forward.'

'We believe the football side of the club is in excellent hands with Lee Bowyer and what he and the players have achieved following promotion has been outstanding. We will do everything possible to support Lee’s vision and ambitions.'

'We would like to thank Roland Duchatelet, his team and the directors for helping to facilitate a quick and smooth sale. They leave the club with solid foundations on which we can invest and build. Any deal of this kind is subject to the approval of the EFL and we are now working closely with them on the final details to satisfy their Owners’ and Directors’ Test. Until that has been received, we will be making no further comment.'

But please be assured we intend to do everything within our power to bring back a true sense of pride to Charlton Athletic Football Club which is the least the fans, future generations of supporters and the community deserve.'

Given some expressions of concern, it should be emphasised that The Valley is included in the deal. It is no longer in Roland's ownership. They will also own the training ground.

Richard Murray, the so-called fans' friend, will not be on the board.

The sale price is unknown, but some wags have suggested that Roland made a special Black Friday offer.

No comments: