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Charlton Athletic takeover: Roland Duchatelet sells Championship membership to Abu Dhabi-based consortium East Avenue Investments


Charlton Athletic have introduced the Championship membership has been taken over by Abu Dhabi-based consortium East Avenue Investments.

The deal, which is topic to approval by the English Soccer League, brings an finish to Roland Duchatelet’s controversial possession of the Addicks.

Charlton followers have lengthy campaigned for proprietor Roland Duchatelet to go away the membership
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Tahnoon Nimer and Jonathan Heller, chairman and CEO of Abu Dhabi Enterprise Improvement respectively, be part of the south London membership as administrators, with Matt Southall turning into membership chairman.

Southall, who’s the chairman of East Avenue Investments, mentioned in an announcement: “We’re privileged to take possession of such an historic membership and it’s extremely thrilling to be a part of the method of constructing a recent future for the followers, loyal membership workers and gamers of Charlton Athletic.

“Whereas we would be the membership house owners, actually we’re solely the custodians. The true spirit of this soccer membership rests with the followers, it’s nothing with out them.

“Their assist all through some troublesome instances each just lately and up to now has been inspirational and we intend to construct on that loyalty

“Our precedence might be fast contact with fan teams so that their views play a serious function within the membership going ahead.”

Duchatelet solely ever attended one Charlton match
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Duchatelet purchased Charlton in January 2014 and proved to be a deeply unpopular proprietor, having didn’t attend video games, criticised supporters and distributed with eight completely different managers.

Followers have frequently held protests in opposition to the Belgian businessman’s dealing with of the membership and have lengthy known as on him to promote up.

Charlton’s official web site crashed as followers flocked to learn information of the takeover, with many taking to social media to rejoice at Duchatelet’s departure.

Regardless of working with the bottom funds within the Championship, Charlton at present sit 17th within the desk beneath the astute administration of Lee Bowyer, having received promotion by way of the League One play-offs final season.

“We consider the soccer facet of the membership is in glorious fingers with Lee Bowyer and what he and the gamers have achieved following promotion has been excellent,” continued the assertion from new chairman Southall.

“We are going to do every little thing attainable to assist Lee’s imaginative and prescient and ambitions.”



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