What is happening at our club? – Sandgaard takes over!

It has been a long and agonising wait but:



Our new owner has also issued a press release through his website Sandgaard Capital which includes the following:

“While there was an injunction in place to prevent the acquisition of ESI, it did not prevent the acquisition of the Club itself and so I am thrilled to announce that I have acquired the Club from ESI. With the Club about to run out of funds this month, it was important that I moved quickly to complete the acquisition and put funds in to the Club to ensure its survival. The Club will also be working quickly post-completion to recover any losses suffered as a result of the actions of the previous owners to the extent possible. I am truly humbled by all the support from Charlton fans, honoured to officially become part of the Charlton family and be part of a team that will lead the Club into a successful future. The Charlton community is one-of-a-kind. They welcomed and embraced this change of hands with more openness than many others would have given Charlton’s history.”

The full statement:



Richard Cawley has spoken to our new owner and reports as follows:

"Sandgaard  says he wanted fans to know before anybody else that he had completed his acquisition of the football club"

"Sandgaard has confirmed that he has passed the EFL's OADT and that he expects official confirmation that the transfer embargo has gone - adding that it kind of has already"

"Sandgaard's deal has seen him increase the lease on The Valley and training ground to 15 years. Says costs on that side have risen as part of the deal with Duchatelet. Sandgaard says it buys everyone peace of mind that we'll keep playing at The Valley and have the training ground"

"Sandgaard on lease of the land: It might be the right time to negotiate on those then (at some stage towards the end of the agreement)"

"Thomas Sandgaard describes it as an entirely clean deal of everything - versus before when things were interconnected in some way"

"Thomas Sandgaard says "there won't be any drama. There is nothing to be nervous about going forward - we can focus 100% on the club and getting back to the Premier League"


CAST will endeavour to convey more detail, background and analysis of the deal as things become clearer.  At the moment we are heading for the fridge.....