Charlton Athletic's majority shareholder agrees to sell shares

29 May 2020

ESI
Photo: 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.

Emil Gjerding Nielson nielson@offthepitch.com

 Charlton Athletic's majority shareholder, East Street Investments (ESI), has agreed to sell its 65 per cent shareholding in the Championship club to an unknown buyer, the club have confirmed.

"The sale cannot now complete, in accordance with that article, until at least ten business days have passed since notice was given. The notice was given on Friday, May 22nd, meaning that the earliest date on which the sale could complete is Monday, June 8th, though it could also be later than this," Charlton director Miarian Mihail said in a statement.

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