Back to overview

Charlton Athletic's majority shareholder agrees to sell shares

ESI

PA Images | Former Swansea chairman Huw Jenkins earlier this week said he had launched a £1 million bid to take over the club, providing a potential exit-path for their wantaway owner, Tahnoon Nimer (pictured), the majority stakeholder in ESI.

East Street Investments, which bought Charlton in January for £1 million, has agreed to sell its 65 per cent shareholding in the Championship club to an unknown buyer.

Ousted former chairman Matt Southall is obligated to also sell his 35 per cent stake.

29 May 2020 - 12:48 PM

Do you want to read this article?

Get smarter in minutes. Straight to your inbox
21-day free trial

No credit card required. No strings attached. Your access ends automatically, so there’s nothing to cancel.

Activate instantly with the link we’ll send you.