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League One: Charlton confirm takeover deal with SE7 Partners

Charlton Athletic have confirmed that a takeover bid from SE7 partners, fronted by former Sunderland Director Charlie Methven, has been accepted.

Subject to approval from the EFL, the takeover will see the end of current owner Thomas Sandgaard's tenure less than three years after he first took over.

Charlton have spent the past three seasons in League One and have failed to reach the play-offs in that time, the closest they've come a 7th place finish in 2021.

In a statement on the club's website CEO Peter Storrie confirmed the deal and stated that the club would run as usual until the purchase was completed:

“A deal has been agreed and a share purchase agreement has been signed by Thomas Sandgaard and SE7 Partners. We’ll now work with SE7 Partners and the EFL to meet the league requirements, which is a process that can take some time.

“In the meantime, the day-to-day running of the club will not be impacted. Our preparation and recruitment for the 2023/24 season is well under way. We have our targets for our men’s team and our women’s team. Led by Dean Holden and Karen Hills, those plans continue to progress and will not be halted while we await the approval. The aim is to put the club in the best position to achieve our targets for next season - a top-six finish for the men’s team and further progression for the women’s team.”

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