BY RICHARD CAWLEY
The future of Charlton Athletic has taken a fresh twist – with the South London Press understanding there could be a legal challenge to the takeover deal agreed between East Street Investments and Roland Duchatelet.
The only third party who appears to be in a position to take such a measure is the club’s former directors.
A total of £7million is owed to seven ex-directors which is payable should the South London club return to the Premier League.
But when ESI negotiated with Duchatelet in January they only acquired the football club – with the freehold of The Valley and their Sparrows Lanes training ground staying under the Belgian’s control. ESI said they had a “legal obligation” to acquire the club’s remaining assets within six months.
Duchatelet then put a charge over the lease and other fixtures and fittings.
The question is whether he was able to do that considering that the former board members already had a charge in place.
The South London Press has been told that at least some of the ex-directors are requesting that ESI’s takeover be voided as they did not consent to the sale and that the terms of their charges have been breached.
If they are successful then it could see the takeover deal unpicked and Duchatelet being back responsible for the running of the Championship outfit.
Tahnoon Nimer, pictured above, is the majority shareholder of ESI. They have yet to see their takeover approved by the EFL who have been waiting on source and sufficiency of funding since January.
JMW Solicitors, used by ESI in the negotiations and who became Charlton’s club lawyers, have ceased their relationship.
Nimer’s lawyer Chris Farnell has not responded to calls from the South London Press.
Please support your local paper by making a donation
Cheques should be made payable to “MSI Media Limited” and sent by post to South London Press, Unit 112, 160 Bromley Road, Catford, London SE6 2NZ
Housing Secretary Robert Jenrick has encouraged everyone in the country who can afford to do so to buy a newspaper, and told the Downing Street press briefing recently: “A free country needs a free press, and the newspapers of our country are under significant financial pressure”.
So if you have enjoyed reading this story, and if you can afford to do so, we would be so grateful if you can buy our newspaper or make a donation, which will allow us to continue to bring stories like this one to you both in print and online. Everyone at the South London Press thanks you for your continued support.
Get the latest local news delivered every week!