Legal challenge to Charlton sale?

Richard Cawley of The South London Press has reported that:

"The future of Charlton Athletic has taken a fresh twist - with the South London Press understanding there could be a legal challenge to the takeover deal agreed between East Street Investments and Roland Duchatelet.

The only third party who appears to be in a position to take such a measure is the club's former directors.

A total of £7million is owed to seven ex-directors which is payable should the South London club return to the Premier League.

But when ESI negotiated with Duchatelet in January they only acquired the football club - with the freehold of The Valley and their Sparrows Lane training ground staying under the Belgian's control. ESI said they had a "legal obligation" to acquire the club's remaining assest within six months.

Duchatelet then put a charge over the lease and other fixtures and fittings.

The question is whether he was able to do that considering that the former board members already had a charge in place.

The South London Press has been told that at least some of the ex-directors are requesting that ESI's takeover be voided as they did not consent to the sale and that the terms of their charges have been breached.

If they are successful then it could see the takeover deal unpicked and Duchatelet being back responsible for the running of the Championship outfit.

Tahnoon Nimer is the majority shareholder of ESI. They have yet to see their takeover approved by the EFL, who have been waiting on source and sufficiency of funding since January.

JMW Solicitors, used by ESI in the negotiations and who became Charlton's club lawyers, have ceased their relationship.

Nimer's lawyer, Chris Farnell, has not responded to calls from the South London Press."


Voice of The Valley has subsequently added the following: