"Everything is informal": Would-be Charlton owner reveals other clubs for sale

2 September 2020

Charlton
Photo: PA Images "For me it has been very unusual because it [negotiating] normally works much more formal. I have used my lawyers in Europe and it primarily started with me contacting the different owners around the club," Danish businessman Thomas Sandgaard said.

Danish businessman Thomas Sandgaard says he is close to finalising a deal to take over Charlton Athletic in what he describes as an "unusual" process.

He claims Derby County have approached him for a buyout, as have a club from the German 2. Bundesliga.

Sandgaard has been using social and news media to boost his image in order to dissuade rival bidders.

Emil Gjerding Nielson nielson@offthepitch.com

You can go a long way with large amounts of cash at your disposal. But when it comes to taking over a football club, simply throwing swathes of money at their owners will only get you so far.

Danish businessman Thomas Sandgaard, who says he is close to finalising a deal to take over Charlton Athletic, can attest to that. In an interview with Danish football news site bold.dk, the co-owner and founder of US MedTech firm Zynex reveals the difficult process he has went through which has now resulted in a "fundamental deal" with the club's "five to six owners". 

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