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Deadline set as Charlton bid falters

The prospective Australian owners of Charlton have been given a deadline of the end of the week to show that they have the necessary readies and the second week of July to complete the deal reveals Charlton fanzine editor Rick Everitt: Takeover deadlines

Roland Duchatelet. the current owner of the club, has also being trying unsuccessfully to buy out the loans of former directors at a discount These loans have been outstanding since 2010. They are not repayable until and unless Charlton return to the Premier League and do not pay any interest while the club remains in the EFL. They are, however, secured by a first charge over the club’s assets, which means that the seven individual holders have the individual ability to prevent the issue of new leases over The Valley and the Sparrows Lane training ground.

Given that the alternative British bid may have fallen at the fit and proper persons hurdle, all this suggests that a club ill prepared for the new season may still be in the hands of controversial Belgian ownee Roland Duchatelet's hands come August.

Jokers at Charlton have suggested that the British bid came from Trotters Independent Trading of Peckham (Trotter was the name of a former Charlton manager). Only Fools and Horses will remember that Rodney's middle name was 'Charlton.

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