Charlton takeover completed by Belgian company

Staprix NV own four football clubs, including Standard Liege

The takeover of Charlton Athletic was completed today when Belgian millionaire Roland Duchatelet saw a deal thought to be worth £20m go through.

Duchatelet, 67, who also owns Belgian club Standard Liege, has ended months of uncertainty surrounding the Championship side and his arrival is likely to mean Charlton boss Chris Powell will have money to invest in the transfer window, according to the Evening Standard.

The business tycoon is estimated to be worth £418m and is a high-profile figure in his homeland, where he has also founded a small social liberal political party.

Richard Murray, who will remain on the board and become non-executive chairman, said: “I look forward to using my long experience in English football to continue to represent the club that has been my passion for many years. Charlton can benefit from Roland’s network in many different ways, like finding suitable players to strengthen the squad.”

Outgoing chairman Michael Slater will step down from the board along with Tony Jimenez and Martin Prothero after a short handover period. Slater said: “In every important respect we leave the club in a far better state than when we took over three years ago but now is the time to pass the baton to Roland who has a proven track record of success in business and football. We believe we’ve found an investor with extensive knowledge of football who is well placed to stabilise the club in the Championship and help develop it on a sensible commercial basis.”

The takeover comes after a bid from American billionaire Josh Harris collapsed last month. London property developer Kevin Cash, who has been bankrolling Charlton, was no longer prepared to fund the club.

The new owner will now decide the future of Powell, who is out of contract at the end of the season. Talks had been put on hold until the takeover went through.

“I want to manage here,” said Powell before the takeover was completed. “Of course we have got to see what the future brings and whether this takeover happens. Then we will go from there.”

A number of players, including Johnnie Jackson and Yann Kermorgant are also out of contract in the summer.

Tomorrow’s FA Cup tie with Oxford United has been postponed because of a waterlogged pitch. A pitch inspection at The Valley this morning deemed it unplayable following the recent heavy rain.

Suggested Topics
peopleFrankie Boyle responds to referendum result in characteristically offensive style
Life and Style
Couples have been having sex less in 2014, according to a new survey
New Articles
i100... with this review
Have you tried new the Independent Digital Edition apps?
Holly's review of Peterborough's Pizza Express quickly went viral on social media
footballTim Sherwood: This might be th match to wake up Manchester City
Arts and Entertainment
musicHow female vocalists are now writing their own hits
New Articles
Arts and Entertainment
musicBiographer Hunter Davies has collected nearly a hundred original manuscripts
Blahnik says: 'I think I understand the English more than they do themselves'
Arts and Entertainment
Michelle Dockery as Lady Mary Crawley in Downton Abbey
TVInside Downton Abbey series 5
Life and Style
The term 'normcore' was given the oxygen of publicity by New York magazine during the autumn/winter shows in Paris in February
fashionWhen is a trend a non-trend? When it's Normcore, since you ask
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam