Charlton AthleticSport

Charlton Athletic ownership could take fresh twist as legal challenge set to be lodged over ESI transaction


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.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Everyone at the South London Press thanks you for your continued support.

Former 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:


If you can afford to do so, we would be so grateful if you can make a donation which will allow us to continue to bring stories to you, both in print and online. Or please make cheques payable to “MSI Media Limited” and send by post to South London Press, Unit 112, 160 Bromley Road, Catford, London SE6 2NZ

4 thoughts on “Charlton Athletic ownership could take fresh twist as legal challenge set to be lodged over ESI transaction

  • Roger Smith

    This just gets worse, day after day.

  • I know, as usual, rumours abound, but this does not sound encouraging as it could be the start of a protracted to and fro re legal matters. Normally, that could take some time to resolve. That time could be lengthened due to the Codit-19 virus currently sweeping the world and would not help Charlton’s plight. However, let’s not lose sight of the fact that as important that CAFC is to me and thousands of others, surviving this coronavirus is the priority. Although an early resolution to this problem might give a lot of people a nice boost !!

  • Did JMW cease their relationship with Charlton before or after last Thursday?

    • Richard A Powell

      The challenge by the former directors for funds owed to them, Which appear to be bypassed by every one shocking ! this is a crass mishandling by ESI, no doubt Nimer was not aware and was soft soaped by the former ESI director (now sacked) Securitisation of any debt is lesson 1 of Banking.


Leave a Reply

Your email address will not be published. Required fields are marked *

The reCAPTCHA verification period has expired. Please reload the page.