Charlton agree deal to sell club to unnamed buyer

Charlton could have new owners next month
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Charlton could have new owners next month after the company which owns the club agreed to a deal with an unnamed buyer.

East Street Investments, which agreed a £1 takeover from Roland Duchatelet in January, has agreed to sell 65 per cent of its shares to a third-party and served noticed to the club’s ousted former chairman Matt Southall, who owns the other 35 percent, that he must also sell by June 8.

The agreement would see ESI’s liabilities, which include an obligation to buy The Valley and the club’s Sparrows Lane training ground from Duchatelet for £50m in future, transfer to the new owner. The identity of the third-party is unknown but former Swansea chairman Huw Jenkins has said he is one of “three or four” parties interested.

ESI’s January takeover is under investigation by the EFL, while a group of former directors is also attempting to unpick the deal in court.

Meanwhile, the club are hoping to persuade on loan midfielder David Davis to return to training after he declined to resume no-contact sessions over coronavirus concerns.

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