Charlton sold to Abu Dhabi-based consortium as Duchatelet finally severs football ties

29 November 2019

Charlton
Photo: Getty Images The consortium is now working closely with the EFL to finalise the details of the transition and to ensure it satisfies the Owners' and Directors' Test.

The Abu Dhabi-based consortium East Street Investments, which has links to a member of one of the six ruling families of the United Arab Emirates, will take control of the club pending EFL approval.

The club's newly appointed chairman, Matt Southall, said in a statement that the football side of the club was in excellent hands with their manager, Lee Bowyer.

After taking control of the Addicks in 2014, the now former owner, Roland Duchatelet, had tried to rid himself of the club several times, eventually becoming wildly unpopular with Charlton supporters.

Emil Gjerding Nielson nielson@offthepitch.com

Following a protracted struggle to sell the club, Charlton's now former owner, Roland Duchatelet, finally made a deal. Pending EFL approval, the Abu Dhabi-based consortium East Street Investments has agreed to purchase the club. 

Not including Charlton, Duchatelet has owned and sold three football clubs - Standard Liege, St Truiden and Alcorcon - and all were sold because the Belgian claimed he wanted to get out of football.

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