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Charlton Athletic takeover: New consortium buys club as controversial chairman Matt Southall departs

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Charlton have been bought by a consortium led by the businessman Paul Elliott in what supporters hope is the final twist in the club’s long-running and farcical ownership saga.

Elliott and his backers have taken over East Street Investments, the company set up by Tahnoon Nimer and Matthew Southall, who have now departed the club. The move is subject to the EFL’s owners’ and directors’ test.

Elliott, a Londoner who has the backing of Charlton’s former board member Peter Varney, said: “On behalf of the consortium I am delighted to have been given this opportunity to take ownership of Charlton Athletic. I recognise this club means so much to its fans and I will take the responsibility very seriously.


“I will be looking to ensure the stability of the club moving forward so we can look to put behind us the recent boardroom events and concentrate on building a unified boardroom and a unified football club.

“I know that this club has passionate fans and we will need every bit of that passion, together with determination and hard work of everyone at the club as we restart this season. Our immediate focus will be on getting behind the team and the Manager and giving ourselves the best opportunity of staying in the Championship.”

More to follow…

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