Charlton Athletic reject takeover bid

Charlton Athletic Football Club has rejected a takeover bid from a group led by Sebastien Sainsbury after they could not provide proof of funds.

Earlier today current chairman Richard Murray insisted no deal was close on the club’s official website.

"I have made no secret of the fact that we are actively seeking new investment in the club, and that process continues," Murray said.

He added: "But, while we note the recent press speculation, we'd like to make clear to supporters that no deal is imminent.

"Having been involved with Charlton for so long, the future of the club is paramount in my thoughts, and the identity of any new owners or investors is of huge importance to the board and I. They have to be right for the board and the club.

"When we are in a position to provide more information regarding possible takeovers or anything else, the club will announce it via its usual channels. We're committed to being as open as possible with fans, but we're not going to issue a statement every time there is some kind of rumour."

The club needs £5m to avoid administration this season. Murray was forced to move ownership of the club to his new company Baton 2010 Ltd after Charlton Athletic plc was effectively wound up with debts of more than £30m.

Posted on 8th November 2010