Charlton Athletic Football Club has confirmed that the club has been taken over by CAFC Holdings Limited (CAFCH), owned by duo Tony Jimenez and Michael Slater.
Slater has become the Npower League One side’s new chairman in place of Richard Murray who remains a director whilst Jiminez will also join the club’s board as a director.
Speaking about the takeover, chairman Michael Slater said: "We are delighted to have taken control of Charlton.
"The club has a long and proud history and has an incredibly loyal fan base.”
Slater also insisted the club would take a patient and responsible approach in trying to take the Addicks back to the Premier League.
"As the new owners, we are both football fans and businessmen. Our acquisition brings much-needed financial stability to the club. Our plan for Charlton is to run the club on a sensible financial footing and develop a commercial plan to ensure we make progress on and off the pitch to meet the expectations of our fans,” Slater added.
"What we won't do is create unrealistic pie in the sky expectations. We will always live within our means and, with a sound commercial approach and the run of the ball on the pitch, our aim, obviously, is to make steady, upward progress and bring success to The Valley."