Investors target bid for relegated Charlton

28 Apr 2008

By: Sport Industry Group

Despite being relegated from the Barclays Premiership to the Coca-Cola Championship, Charlton Athletic is set to receive a lucrative takeover bid.

According to media speculation, a bid for the club is being put together by a group of Middle Eastern and continental businessmen who had previously been linked with a bid for Liverpool.

It is thought that Charlton’s London location makes it an attractive proposition but investors looking to get into English football while the fact that the club also own their own ground in addition to having a well-established academy and facilities marks it out as an attractive target.

The consortium has apparently always had designs on the club regardless of Charlton's Premiership status, although relegation will affect the price attached to the bid.