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Usmanov rules out Charlton but may invest in Everton

Alisher Usmanov has ruled out any investment in Charlton Athletic, but may yet invest in Everton: Everton

Usmanov has worked with Everton majority shareholder Farhad Moshiri for over a decade. Everton would clearly benefit from further investment both in the team and for their new stadium plans.

With a bid from an Australian consortium failing to progress, the outlook for Charlton is bleak. The club is losing substantial sums of money and has big debts. Unpopular Belgian owner Roland Duchatelet has embarked on a cost cutting campaign that has gone to absurd lengths, failing to realise that the size of the stadium and the training ground means that the club cannot be run on a shoestring.

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