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Ben Hayes - Charlton Athletic programme

Charlton takeover close

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Charlton Athletic are in advanced talks with a multi-million pound British property company over the sale of the Championship club. Sources close to the Addicks have revealed that an investment company is on the verge of completing the deal to take total control of the Championship club. The purchase figure is unlikely to be revealed during the process.

It is understood that representatives of the buyer visited The Valley and Charlton’s Sparrows Lane training ground in New Eltham this week and have completed their due diligence.

One of the factors that has made the club an attractive proposition is its low level of debt – it owes just £4million to banks, a reduction from the £7m owed when the club was taken over by Michael Slater and Tony Jimenez on December 31, 2010. Another £7m is owed to former directors such as Richard Murray, but none of this is payable until such time as the club is back in the Premier League.