New Charlton owner vows not to take money out yet – and to welcome further possible investment

New Charlton owner Paul Elliott has vowed not to take out any money from the club until it can afford it – and in a pointed reference to a previous regime “I’m not one of these people who jump in, take salaries and cars etc.”

The Hammersmith-raised Manchester-based property tycoon has told fans he will only put money into the Addicks.

He also stressed he would encourage others to invest – which might open the door to ex-Ritz owner Andrew Barcley.

Elliott said in a statement issued by the club today that he wants to bring much-needed stability to The Valley, which has been in turmoil since Roland Duchatelet took over in 2014.

He said: “I can assure everyone that I will not be taking any money out of the club until it can afford to do so and is sustainable. 

“It means I will be putting money in, which I already have done, not taking money out. I’m not asking for a salary and I won’t be, I don’t need to take expenses out. Moving forward from that, anyone else who comes in and gets involved with us at this club, I’ll expect the same from them.

“For example if there is a CEO that is great for the job then good but no-one is going to come in and take a big salary out of this business, it’s not there, so let’s not be under any illusion that that is going to happen. At the end of the day, we can run a business successfully, we can make sure we’ve got support moving forward and if someone comes along that is in the best interests of the fans, the club and the staff then I am open to it, 100%.

I would like to make clear that I got involved in this as a business venture. I’m not one of these people, which other clubs have experienced as well, who jump in, get hold of a club, draw money out, take salaries and cars etc.

“If someone wants to come along and put money into the club as an investment, then the door is open and we are willing to speak to people because it is what the club needs. If someone can do a better job, then I am happy to work with other people.”


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