Vital Football

Latest Charlton Athletic News

Club Reject Takeover Talk

Club Reject Takeover Talk

Charlton Athletic have flatly denied that they are the subject of a potential foreign takeover bid. The Addicks, who were relegated on Monday, say stories of a business consortium preparing a £50 million offer are spurious.

The respected BBC journalist Mihir Bose had claimed a group of Middle Eastern and European businessmen were looking to invest in the club.

However, Charlton chief executive Peter Varney issued an unequivocal rebuttal, saying: 'The takeover rumour is totally unfounded.

'There has been no contact from any Middle East consortium and the stories emanating on this matter have no foundation whatsoever.'

Despite relegation, Charlton's board remain extremely popular with fans, who would be reluctant to see the club change hands.

They have already sold 16,500 season tickets for next term thanks to an offer promising free tickets if the south London club achieve promotion at the first attempt.

Fans first heard of the takeover when the BBC broke the story only hours after we was relegated. According to the BBC:

A consortium is lining up a takeover bid for newly relegated Charlton.

The bid, put together by a group of businessmen from the Middle East and Europe, values the club at about £50m.

The group, which had earlier considered buying Liverpool, is keen on Charlton because of its south London location, which is suitable for expansion.

The club, which owns its ground in addition to having a well-established academy and facilities, also offers commercial and marketing potential.

The consortium has always been determined to make the bid regardless of Charlton's Premiership status, although relegation to the Championship has knocked about £30m off its initial £80m valuation.

It is possible that a bid will be tabled shortly after the end of the season.

The club is a limited company with a number of shareholders, including chairman Richard Murray and ITV chairman Michael Grade.

The club has stated that is has yet to receive any contact about a possible takeover.

Although us fans would love for a massive cash injection, we are happy with the best board of directors in football and a group of gents that only have our club at heart, and not pound notes.



Click here to join in the debate on the club forum.

Writer:
Date:Tuesday May 8 2007
Time: 12:58PM

Best of Vital Network

Vital Boxing - Tyson Fury Will Be Back!

Comments

0
I knew it was to good to be true
davecook
08/05/2007 13:13:00
Page 1/1
  1. 1

Login to post a comment

Recent Charlton Athletic Articles

Vital Pre-Match - League 1, 1st October

The 2016-17 season continues with the latest round of matches this weekend, which will see us among those having a match in this upcoming schedule with three-points the aim of course.

EFL - The Stats Ten Games In (30/9/16)

The Football League, or as it wants to be known now, the EFL, have compiled the statistics with the vast majority of clubs now ten games into the new 2016/17 season.

Magennis Gets Northern Ireland Call (30/9/16)

Josh Magennis has been called up by Northern Ireland manager Michael O'Neill for the coming international break.

Charlton 1-1 Oldham - Highlights

Charlton drew with Oldham in League 1 on Tuesday.

Archived Vital Charlton Articles

Vital Charlton articles from

Site Journalists

Michael Tucker
no email
Profile

Current Poll (see more polls)

Charlton v Rochdale
Suggested By:
Charlton win0%
Rochdale win0%
Draw0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Scunthorpe 10 6 3 1 21 14
2 Bury 10 6 2 2 20 8
3 Bradford 10 4 6 0 18 5
4 Northampton 10 4 5 1 17 7
5 Port Vale 10 5 2 3 17 3
6 Sheff Utd 10 5 2 3 17 0
7 Bolton 10 4 4 2 16 2
8 Gillingham 10 4 3 3 15 -2
9 Peterborough 10 3 4 3 13 4
10 Bristol Rovers 10 3 4 3 13 -1
11 Chesterfield 10 3 3 4 12 1
12 Charlton 10 2 6 2 12 1
13 Fleetwood 10 3 3 4 12 0
14 MK Dons 10 3 3 4 12 -1
15 Rochdale 10 3 3 4 12 -1
16 Oxford 10 3 3 4 12 -1
17 Millwall 10 3 3 4 12 -3
18 Swindon 10 3 2 5 11 -4
19 Southend 10 3 2 5 11 -8
20 Wimbledon 10 2 4 4 10 -3
21 Walsall 10 2 4 4 10 -5
22 Shrewsbury 10 2 3 5 9 -5
23 Oldham 10 1 6 3 9 -5
24 Coventry 10 0 6 4 6 -6
Latest F1 News
Latest Vital Boxing News

Recent Charlton Athletic Results (view all)

Charlton Athletic Fixtures (view all)

Oct 1 2016 3:00PM : Rochdale (H)
Sky Bet League One
Oct 8 2016 1:00PM : Millwall (a)
Sky Bet League One
Oct 15 2016 3:00PM : Coventry City (H)
Sky Bet League One
Oct 18 2016 7:45PM : Port Vale (a)
Sky Bet League One
Oct 22 2016 3:00PM : Gillingham (a)
Sky Bet League One
Oct 29 2016 3:00PM : Chesterfield (H)
Sky Bet League One