Former Charlton chief executive Peter Varney has been appointed as chief executive of a Kuwaiti company seeking to make investments in European football. KEH were founded in 2008 and up to now have focused on real estate, tourism and health care.
KEH have extensive property investments interests in Sussex, including a major property development at Newhaven which includes a water park. They also own the Ambassador hotel on the Eastbourne seafront.
Former Charlton chief executive Peter Varney has been appointed as chief executive of a Kuwaiti company seeking to make investments in European football. KEH were founded in 2008 and up to now have focused on real estate, tourism and health care.
KEH have extensive property investments interests in Sussex, including a major property development at Newhaven which includes a water park. They also own the Ambassador hotel on the Eastbourne seafront.
Protracted talks to take over Blue Square South outfit Eastbourne Borough collapsed recently. The plan had been to invest heavily in the club to take them to the Football League. It is understood that a key member of KEH studied English in the town and developed a liking for it.
It is not believed that the Kuwaitis have any interest in Charlton Athletic which is understood to be still open to new investors. There have been tensions in relations between Varney and the Charlton board since he left the club.
These developments suggest that the market for investment from the Middle East in European football is not dead, but it is not known how much money KEH have at their dispsoal. The Eastbourne talks broke down over assurances about the future of the club.