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Substantial boardroom update emerges from Charlton Athletic

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Charlton Athletic have received notification of a change in ownership, reports the club.

In an official statement released by the club, Charlton have revealed East Street Investments will oversee a change in ownership. ESI – who bought the majority share of Charlton at the start of the year – have been calamitous in there first few months at The Valley.

It began with the newly installed chairman Matt Southall spending club finances on his personal life, falling into a back-and-forth with majority shareholder Tahnoon Nimer.

Now it’s just Nimer left at the club, but fans are starting to fear that he won’t live up to his early promises either.

The statement released on the official club website yesterday read:

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Macauley Bonne

“The club has received notice of a change in ownership at East Street Investments. ESI purchased Charlton in January from the previous owner Roland Duchatelet.

“A legal process has to take place for the change in ownership of ESI to be completed. This is a positive step for the club and will offer some much-needed stability. For legal reasons, we cannot go into any more detail on the change in ownership.”

It’s been a painful season to be a Charlton fan. Back in the Championship after an inspired play-off final, Lee Bowyer’s side are facing an immediate return to League One after an underwhelming season in the second-tier.

Add to that the ongoing and damaging boardroom debacle, and it makes for pretty grim viewing for Charlton fans.

The verdict

Whatever comes next for Charlton, fans will be praying that it’s no more controversy, and no more lies from the people running their club. ESI was supposed to be a fresh start for Charlton and it still could be, but it all depends on the next face to emerge from the company.


Freelance football journalist based in Sheffield. Postgraduate degree in Sports Journalism, and good experience in digital football writing and match reporting.

ScoopDragon Football News Network

Article title: Substantial boardroom update emerges from Charlton Athletic

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