Former owner converts Charlton's £21.5 million debt to shares

10 January 2020

Charlton
Photo: Getty Images The money owed was released and capitalised on 27th December. On 2nd January, the club confirmed that East Street Investments had completed its takeover of the club.

The debt was owed to former owner Roland Duchatelet's company, Baton 2010 Limited.

The money owed was converted into shares in the club.

Jesper Elkjær Jensen jej@offthepitch.com

Charlton's former owner, Roland Duchatelet, has converted just under £21.5 million of debt owed to his company, Baton 2010 Limited, by the club.

The debt of £21,494,704 was converted into ordinary shares in the club, valued at £1 each, a filing at Companies House shows.

The new shares, which rank equal to the existing shares in the club, will be allotted and issued to Baton 2010.

The money owed was released and capitalised on 27th December.

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