A consortium put together by lawyer Chris Farrell and led by businessman Paul Elliott has reportedly agreed a deal to buy Charlton Athletic, which has drawn an interesting reaction from fans of the south London club.
East Street Investments completed their takeover of the club in January but an ugly boardroom dispute between Tahnoon Nimer and Matt Southall has led to their impending exit.
According to The Sun, there were a number of parties interested in buying the club but a deal has now been agreed for a consortium put together by Farrell and led by Elliott to buy the club.
The Daily Mail has reported the takeover will be confirmed today.
It is understood that the new owners will take control of ESI and inherit the deal previously agreed with former owner Roman Duchatelet, who still wants the £50 million for the training ground and stadium.
It is thought the deal leaves the door open to a further takeover in the not so distant future.
A source has told SunSport that Nimer's decision was based upon the wishes of the fans, while another has revealed that the new owners will be sensible and look to build slowly.
This latest development should mean that the focus can now switch to the Addicks' battle for Championship survival.
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The reports have drawn a mixed response from fans of the south London club, ranging from excitement over the impending takeover to concern at what it may bring.
Read the reaction of Charlton fans here: