Charlton Athletic: Owner Roland Duchatelet sells club to Abu Dhabi-based consortium
Charlton proprietor Roland Duchatelet has sold his stake in the club Abu Dhabi-based consortium East Street Investment, bringing an end for his ownership that was controversial.
“We are proud and thrilled to declare East Street Investments have agreed that the purchase of Charlton Athletic Football Club,” said a club statement on Friday.
“We are privileged to have possession of this kind of historic club and it is extremely exciting to be part of the practice of building a fresh future for the fans, loyal club team and players of Charlton Athletic.
“We think the football side of the club is in great hands with Lee Bowyer and exactly what he and the players have achieved following marketing has been outstanding. We’ll do everything possible to encourage Lee’s vision and ambitions.”
The Belgian entrepreneur initially took over worth # 14m at a deal at The Valley in 2014, however, his ownership has been met with widespread criticism and protest.
In January, Addicks fans were advised that there have been parties interested but no agreement was reached.
Duchatelet staggeringly known for its EFL to buy the club accusing the league of the demise of the club along with his failure to sell.
The Addicks owner fell from favour with the fanbase when he detained some supporters of”wanting the team to fail” in an announcement appeared on the club site in March 2016.
Groups of fans shaped protest groups such as the Coalition Against Roland Duchatelet and Women Against the Regime in a bid to induce the millionaire.
Similar protests by fans of Standard Liege led to Duchatelet selling the club.
After having sold Spanish club Alcorcon for # 12m in June the Belgian stays in control of club Carl Zeiss Jena and club Ujpest.
Charlton host Sheffield Wednesday at the Sky Bet Championship on Saturday live on Sky Sports Football, together with coverage beginning at 12pm.