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New Charlton owners outline five year plan

The new owners of Charlton from Abu Dhabi have outlined a five year plan to take Charlton back to the Premier League, but first they need to stabilise the South-East London club that is at risk of relegation from the Championship: Five year master plan.

His Excellency Tahnoon Nimer, chairman of Al Ain-based Abu Dhabi Business Development (ADBD) - the private office of Sheikh Saeed bin Tahnoun – and the majority shareholder in East Street Investments through his corporation, Panorama Magic General Contracting, sits on the new board as a director.

Chairman Matt Southall was wary of comparisons made, understandably, with Abu Dhabi’s acquisition of Manchester City in 2008. However, he said that, like City, the Charlton board would not concentrate solely on the development of the football team, with a number of projects, including a brand new training complex spanning almost 40 acres, in the pipeline. He emphasised that Charlton are a completely separate entity to Manchester City, something that did raise concern at the EFL who are yet to approve the deal.

In time ESI may consider acquiring a club in another country, but for now Charlton is the priority.

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