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Last Updated: Wednesday, 13 February 2008, 15:20 GMT
Charlton call off takeover talks
The Valley, home of Charlton Athletic
Charlton have decided against moving towards foreign ownership
Charlton Athletic have announced that they have called off takeover talks with potential investors.

The Addicks were linked with a 45m buy-out by a Middle Eastern consortium after they were relegated last season.

But a statement to the Stock Exchange read: "The board have concluded that the best interests of the club are served under the current ownership.

"As a result all talks regarding possible offers for the company have now been discontinued."

606: DEBATE
In August, the Championship club had brought in takeover experts Seymour Pierce Ltd to advise them.

But they have now decided to stay with the current regime under chairman Richard Murray.

The statement added: "The board of Charlton is committed to the long-term success and future of the company, including the provision of appropriate funding, so to ensure that the club is well placed to challenge for Premier League status."

SEE ALSO
Charlton reveal 9.9m annual loss
24 Dec 07 |  Charlton Athletic
Charlton ponder takeover options
16 Aug 07 |  Business
Group eyes 50m Charlton takeover
08 May 07 |  Charlton Athletic


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