Jiminez strengthens grip at Charlton
Tony Jimenez has substantially increased his share in CAFC Holdings Ltd, the company which owns Charlton Athletic. Jimenez previously held a 28 per cent stake in the company, but the Charlton website was updated this morning and his share has now increased to 47.6 per cent.
CAFC Holdings Ltd owns 90 per cent of Baton 2010 Ltd – the company which owns Charlton Athletic Football Company Ltd – with former Addicks owner Richard Murray owning the remaining 10 percent.
Current chairman Michael Slater retains a 23 percent interest in CAFC Holdings Ltd, meaning Jimenez has strengthened his position by buying the shares of unnamed minority shareholders.
Today’s news follows recent speculation by Addicks fans concerned at what has been going on behind the scenes at the club over the summer following the departures of Peter Varney as executive vice chairman and Alex Newall as a director.
However, rumours of boardroom splits seem to have little foundation. Nevertheless, supporters have taken steps to form a new supporters' trust.
A spokesman for Charlton Athletic said this lunchtime there would be no further comment on today’s confirmation Jimenez is now the single biggest shareholder or to any other questions about the club’s finances.
Charlton Life discussions
Wyn, you are a well respected expert on the Political Economy of Football, and a Charlton fan.
So, having followed closely the recent discussions on Charlton Life, I'm intrigued to know why you can confidently say: "However, rumours of boardroom splits seem to have little foundation"?