Charlton takeover completed
Friday 31 December 2010
Charlton have been taken over by businessmen Michael Slater and Tony Jimenez.
The Addicks, currently third in npower League One, have been searching for new investment since they were relegated from the Barclays Premier League in 2007.
Lawyer and businessman Slater becomes the club's new chairman and Jimenez, who briefly held the post of vice-president (player recruitment) at Newcastle, will be on the board along with outgoing chairman Richard Murray and former chief executive Peter Varney.
"We are delighted to have taken control of Charlton," Slater, 44, told the club's official website, www.cafc.co.uk.
"The club has a long and proud history and has an incredibly loyal fanbase.
"I'd like to pay tribute to Richard Murray, who took on a huge financial responsibility last summer when he saved the club from almost certain administration while he sought new investment.
"Today's acquisition brings much-needed financial stability to the club. Our plan is to run the club on a sensible financial footing and develop a commercial plan to ensure we make progress on and off the pitch to meet the expectation of the fans.
"What we won't do is create unrealistic pie-in-the-sky expectations."
Jimenez, 48, had previously been linked with a takeover at The Valley with his close friend Dennis Wise, whom he also worked alongside at Newcastle.
The cost of the buy-out has not been disclosed.
Latest in Sport
QPR 1 Arsenal 2: Arsene Wenger praises 'mental strength' of strikers Alexis Sanchez and Olivier Giroud in win over QPR
Newcastle 0 Manchester United 1: Louis van Gaal describes performance as 'maybe our best match of the season'
Cristiano Ronaldo: Real Madrid superstar 'sends his hair stylist to look after his waxwork once a month'
Newcastle vs Manchester United match report: Ashley Young scores late winner as Angel Di Maria fails to shine yet again
Brooklyn Beckham to be released: Why Arsenal could regret letting David Beckham's son depart
- 1 What happens to your body when you give up sugar?
- 2 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 3 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 4 Penis size: Study revealing 'what's normal' sends international media into meltdown
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin