Football Trade Directory

Charlton Athletic takeover agreed

Charlton Athletic have been taken over by East Street Investments, subject to approval from the English Football League.

They have agreed to buy Charlton from Roland Duchatelet, who had been trying to sell the club since the end of 2017.

Tahnoon Nimer and Jonathan Heller - chairman and CEO of Abu Dhabi Business Development - join as directors, with Matt Southall becoming club chairman.

Charlton fans had held a series of protests against Belgian Duchatelet.

In March the EFL board rejected his demands for the league to acquire the club, because of "a significant conflict of interest".

"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," said Southall.

"Their [the fans'] support throughout some difficult times, both recently and in the past, has been inspi­rational and we intend to build on that loyalty."

Abu Dhabi Business Development is the private office of his Highness Sheikh Saeed Bin Tahnoun Bin Mohammed Al Nahyan.

Former football agent Southall said the club is in "excellent hands" with manager Lee Bowyer, who got the Addicks promoted from League One last season.

East Street Investments must pass the EFL's owners' and directors' test before completing the takeover.

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