Charlton takeover completed by Belgian company
Staprix NV own four football clubs, including Standard Liege
Friday 03 January 2014
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.
Latest in Sport
England vs Lithuania: Wayne Rooney rules out repeat of boxing celebration after son Kai repeats it at school and focuses on goalscoring record
Paul Scholes: Frustrated Steven Gerrard should have started crucial game between Liverpool and Manchester United
Paul Scholes: It's amazing Manchester United midfielder Michael Carrick has so few caps for England
New kits for 2015/16: Have the Arsenal, Manchester United, Chelsea, Liverpool and Barcelona strips been leaked?
England vs Lithuania: Theo Walcott 'at risk of being left behind' in Three Lions pecking order
- 1 Germanwings crash: Police make 'significant discovery' at home of co-pilot Andreas Lubitz
- 2 JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
- 3 The West has it totally wrong on Lee Kuan Yew
- 4 #FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
- 5 Jeremy Clarkson calls on trolls to leave producer Oisin Tymon alone: 'None of this is his fault'
Nigel Farage brands LGBT activists 'filth' and 'scum' and accuses them of scaring away his children after they invade his local pub
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Russia threatens Denmark with nuclear weapons if it tries to join Nato defence shield
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Germanwings plane crash live: Andreas Guenter Lubitz intentionally crashed flight 9525 into the Alps in act of mass murder and suicide – latest