Skip to main content

Charlton up for sale

According to The Times Charlton Athletic has been placed on the market. 'Roland Duchâtelet, the controversial owner of Charlton Athletic, has put the club up for sale and admitted that he should not have invested in football.

The Belgian bought Charlton nearly four years ago when they were in the Championship but has faced strong protests from supporters in recent seasons over the way that he has run the club, who are now in League One.

CARD (Coalition Against Roland Duchâtelet), a supporters’ group, have put pressure on him to either invest or sell his stake in the club. Stunts have included a mock funeral being held before kick-off, beach balls being thrown on the pitch and a pitch invasion.

Until now, Duchâtelet,71, had been adamant that he would not sell Charlton. “I have not decided anything, I am open to possible offers, I will take the time to think, but contrary to popular belief I have not made any money from football, this rarely happens for investors, those who say otherwise are wrong,” Duchâtelet said.

“It’s not that I’m fed up, I have other activities and my age,” he said. “Actually, I wanted to leave football after the sale of the Standard Liège. Football is an exciting world, but very complex: there is a lot of underground influences, we decide a lot about emotions, we make and break your image on the basis of rumours, social networks create real background slides that are difficult to answer [not quite sure what this means but it is a typical Roland remark, however a better translation may be 'groundswells']. “It was an interesting experience and I learned a lot about how social media have an impact on the psychology of masses and how they can influence decisions which affect many people.”'

p>It should be noted that an interview with the French language press has a somewhat different emphasis with Duchatelet saying he has decided nothing, he would be open to offers eventually for Charlton and his other clubs (but an alternative translation is 'offers that may be made'), but he is taking time to reflect. However, it is also evident from this interview that he has no found his experience in football an unhappy one.

Fanzine Voice of the Valley has recently reported that an Australian consortium had undertaken due diligence at the club, but this had thrown up a number of issues.

It is known how much Duchatelet might want for the club which owes substantial debts to one of his companies.

Comments

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...

Hull City's 'strange' loan

When football finance guru Kieran Maguire seems flashing lights in a club's loan deal, I become concerned.  He is the leading football finance expert in the UK. Hull City have borrowed £55m against their stadium and training ground yet they should get £30m from the Premier League before long.  What is going on? https://www.bbc.co.uk/sport/football/articles/cpwel48y51do