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Charlton: A new interested takeover party has appeared in the form of a Portuguese consortium

Charlton: A new interested takeover party has appeared in the form of a Portuguese consortium - Charlton Athletic News

Charlton Athletic have been handed another potential takeover boost as interest from a new party has been registered. 

Corporate Football Organisation Portugal have reportedly made an attempt to buy Charlton from current owners East Street Investments (via Sky Sports). The consortium have highlighted a five-year plan which will push for the Addicks to return to the Premier League, claiming the model is based on the growing success of Wolves.

Consortium CEO Fernando Corte-Real has commented that the brand’s goal is to ‘give Charlton’s glory back to the supporters’.

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The Addicks have had a turbulent season after tumbling down the Championship table into the relegation zone and a lot of uncertainty surrounding ownership. ESI took over the club in January from Roland Duchatelet, but the relationship between the shareholders and the fans has been toxic.

CFO Portugal are reportedly expecting a decision from the club very soon as ‘timing is crucial’. Corte-Real has said the consortium sees a big chance to take the club to success and an opportunity to make profit and hoist Charlton back into the limelight.

“We made two kinds of offers,” the CEO continued. “One to acquire the majority of the ownership and shortly afterwards we made another one for assuming commitments in exchange for majority of ownership.”

Corte-Real also said it was very much in the plan to also buy The Valley and the training ground as ‘these assets are part of Charlton itself’.

This means that there are now two known parties interested in taking control of the Addicks, with ex-Swansea chairman Huw Jenkins having also thrown his hat into the ring (BBC Sport).

How do you feel about the link to these potential new owners, Charlton fans? Join the conversation in the comments below…


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Article title: Charlton: A new interested takeover party has appeared in the form of a Portuguese consortium

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