Charlton Athletic are working towards the completion of a takeover deal which would see East Street Investments complete the purchase of the club from Belgian businessman Roland Duchatelet.

The Addicks released a statement on Friday morning which confirmed that a deal had been agreed for the sale of the club to the investment group, but rumours have since emerged that the deal has been rejected by the EFL.h

However, South London Press reporter Richard Cawley has since revealed that these rumours are well wide of the mark, with the EFL set to hold the interview process with the club's prospective owners this week.

The deal would see Duchatelet's controversial five-year reign at the Charlton helm come to an end, with the new ownership group reportedly keen to tie down manager Lee Bowyer and striker Lyle Taylor on fresh contracts when they complete the takeover.

Cawley took to Twitter on Wednesday afternoon to provide an update on the takeover:

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Charlton are currently experiencing a poor run of form as a result of their significant injury crisis, so the news of this impending takeover deal has provided the club with a much-needed boost at this testing time.

The Verdict

This news will come as a big relief to Charlton supporters given the huge boost the club would receive following new ownership, as this would put the Addicks in a much stronger financial position while ensuring the club is in the right hands.

It would bring security regarding the future of key figures such as Bowyer and Taylor, while it could also see the Charlton boss receive an increase in transfer funds ahead of a critical January transfer window.

Therefore, there will be a keen sense of hope that the deal will be finalised as soon as possible following the interview process, as this would put the club in a positive position heading into the second half of the season.