Charlton call off takeover talks

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."

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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."

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