What’s happening at our club? – weekly update

For those of us struggling to keep abreast of developments at Charlton Athletic we thought we would try to produce a weekly update of events. This is not an attempt to provide a comprehensive and detailed analysis of every twist and turn. It is designed for those who are looking for a broad and manageable overview. We welcome comments and questions at secretary@castrust.org.

This week Chris Farnell and Andrei Mihail were appointed to the board Of East Street Investments (the company that owns CAFC Ltd). The ESI board now comprises Tahnoon Nimer, Claudiu Florica, Marian Mihail, Andrei Mihail, Chris Farnell, Matt Southall and Jonathan Heller.

Farnell is senior partner at IPS Law - a Manchester based practice specialising in sports law. Their website says that Farnell "advises leading Premier League and Football League Clubs, leading sporting and media agents and a number of high profile sporting individuals on a wide variety of matters."

He previously acted for deposed Charlton chairman Matt Southall and has recently been representing Tahnoon Nimer. The IPS website mentions his work with "a number of high profile cases in the area of sports law" and lists Roberto Martinez, Swansea City FC, Tyson Fury and Christiano Ronaldo. There is no mention of his role representing Massimo Cellino during his purchase of Leeds United in 2014 or that he was Bury FC's lawyer last year. To be fair, he appears to have taken a robust line in his support of Bury and was highly critical of the EFL's decision not to give the club more time to find a reputable buyer before their expulsion.

Andrei Mihail is the older brother of existing ESI director Marian Mihail. He is a Bucharest based accountant who, according to his brother, is a former team manager of Atletico Madrid's academy in Romania and former Chief Operating Officer of Rapid Bucharest's academy.

Marian Mihail  told CAST this week that "the new additions have been made in the interest of ESI only and to assure that there are people on the ESI board, appointed by the majority shareholder, who can attend full time to ESI needs, especially in these times, when the whole CAFC takeover is being put into question. For example, in the last board meeting that took place Tuesday, Mr. Nimer wasn’t able to attend due to health issues of a personal family member. The new ESI directors won’t be involved in CAFC matters on an executive level."

Meanwhile Toby Porter reports today in The South London Press that Tahnoon Nimer has vowed to Lee Bowyer that the club will be financially secure through the coronavirus lockdown. Bowyer is quoted as being reassured by conversations with the majority shareholder in recent days - "Tahnoon said not to worry - that we will get through this on a secure footing"

CAST has set up a discrete address for fans who wish to put questions to the directors and senior management of the club. More details here.

 

Over ninety people have joined CAST in the last few weeks taking our membership to five short of 1200. Together we are stronger. If you are not a member or you know someone who isn't it is simple to join:

https://www.castrust.org/join/