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
Have you tried new the Independent Digital Edition apps?
Sport
John Terry puts Chelsea ahead
football
Arts and Entertainment
Larry David performs in his play ‘Fish in the Dark'
theatreFish in the Dark has already generated a record $14.5m in advance ticket sales
News
i100
Arts and Entertainment
Howard Mollison, as played by Michael Gambon
tvReview: Too often The Casual Vacancy resembled a jumble of deleted scenes from Hot Fuzz
News
The dress can be seen in different colours
news
Arts and Entertainment
Jemima West in Channel 4's Indian Summers (Joss Barratt/Channel 4)
tvReview: More questions and plot twists keep viewers guessing
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

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

Career Services

Day In a Page

The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003