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Charlton takeover collapses

Richard Cawley reports of the South London Press reports: ' Sounds as if the Methven-led takeover has collapsed. And that all the people brought in by him - barring Dean Holden - have left Charlton. Trying to find out more.'

Cawley has added: 'Methven's group say price was agreed at £8.5m for 90 per cent of the club. And that deposit paid and banks funded. Then they got a letter from Sandgaard saying "I've decided not to proceed."'

Owner Thomas Sandgaard has confirmed that he called off the deal because of a failure to comply with very specific terms, but says that he has a Plan B: https://londonnewsonline.co.uk/thomas-sandgaard-on-the-breakdown-in-takeover-talks-with-charlie-methvens-group/

The Danish-American owner said: "I know they were very interested at getting into the club but if you can't stick to the terms that you set up the original deal with then there is really nothing there. Eventually I had to say this can't continue."

According to Ben Ransom of Sky: 'The consortium consisted of Gabriel Brener - who holds a stake in the Houston Dynamo - and Joshua Friedman.' Friedman is the co-founder of Los Angeles based hedge fund Canyon Partners.

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