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Varney Set For Charlton Return

After several takeover approaches for Charlton were made (and rejected) a takeover bid headed by Peter Varney will see the club come under new ownership in the not too distant future.

It was confirmed on Thursday that Richard Murray's Baton 2010 Ltd had accepted the offer that was made them by Varney's group, an Official Website statement said: "Baton 2010 Limited has accepted an indicative and legally binding offer for the acquisition of Baton 2010, Charlton Athletic Football Company Limited and Charlton Athletic Holdings Limited from an investor group represented by former Addicks chief executive Peter Varney."

Varney's group is now undergoing the necessary due diligence with this takeover expected to go through before Christmas, adding: "The investor group is undertaking full legal and financial due diligence.

"Subject to them being satisfied with the outcome, it is anticipated that completion of the acquisition will take place no later than 24 December."

Will the return of the former chief executive bring in the new investment that Murray has repeatedly stressed was needed for The Addicks to progress though?

What is the thought among the Addicks followers on this site on Peter Varney's proposed takeover? Share these feelings below so we can discuss them.

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The Journalist

Writer: Charlton Addickt  Mail feedback, articles or suggestions

Date:Friday December 3 2010

Time: 8:47AM

Your Comments

Will Peter Risdale be the investor....I'd rather be broke than be associated with him...let's hope it's some filthy rich arabs with money to burn!!
weloveyoucharlton
I always had the impression that Murry was always the football side of the club while Varney was in control of much of the finances,which is perhaps why its gone a bit pear shaped since his depature,Just a little concerned if Varney comes in and Murry steps back,that although we would have the funds would Charlton change,or was this all part of a bigger plan starting from when Varney left.Who knows every thing is always so hush,hush,we all have to guess,lets just hope its all done for the right reasons.
Addick53
 

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