Group eyes £50m Charlton takeover

A consortium is lining up a takeover bid for newly relegated Charlton.

The bid, put together by a group of businessmen from the Middle East and Europe, values the club at about £50m.

The group, which had earlier considered buying Liverpool, is keen on Charlton because of its south London location, which is suitable for expansion.

The club, which owns its ground in addition to having a well-established academy and facilities, also offers commercial and marketing potential.

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The consortium has always been determined to make the bid regardless of Charlton's Premiership status, although relegation to the Championship has knocked about £30m off its initial £80m valuation.

It is possible that a bid will be tabled shortly after the end of the season.

The club is a limited company with a number of shareholders, including chairman Richard Murray and ITV chairman Michael Grade.

The club has stated that is has yet to receive any contact about a possible takeover.

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