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Charlton future doubtful as three people from East Avenue Investments fail EFL’s administrators’ and house owners’ check


Charlton Athletic’s future has been thrown into doubt as three people from East Avenue Investments failed the English Soccer League’s administrators’ and house owners’ check on Friday.

ESI purchased the Addicks from Roland Duchatelet for £1 in January, with an settlement to buy the coaching floor and the Valley for £50million in some unspecified time in the future, however the takeover had not been authorised by the EFL, which positioned the membership below a switch embargo.

There has been boardroom instability at Charlton since 2014

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There was boardroom instability at Charlton since 2014

Now, it’s understood Charlton will have to be purchased by new house owners to keep away from expulsion from the Soccer League – a destiny which Bury suffered final summer season.

An EFL assertion stated: “At its assembly earlier this week, the EFL Board was requested to think about Homeowners’ and Administrators’ Take a look at (OADT) purposes lodged by Charlton Athletic in respect of plenty of completely different people.

“Following a full and complete appraisal of all of the related issues the Board decided that three people had been topic to a Disqualifying Situation and the EFL declined to approve their purposes.

“These people have 14 days to enchantment the choice. The EFL continues to think about purposes from different people below the OADT.”

A public fallout between Charlton’s ex-majority shareholder Tahnoon Nimer and former government chairman Matt Southall led to Paul Elliott buying ESI in June as Charlton had been relegated to League One final season.

Lee Bowyer’s Charlton were relegated from the Championship last month

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Lee Bowyer’s Charlton had been relegated from the Championship final month

Regardless of being backed by the membership’s lawyer Chris Farnell, Elliott seems to have didn’t persuade the EFL that he can lead Charlton going ahead.

To make issues worse for the Addicks, the switch embargo means they’re unable to purchase new gamers with the 2020/21 season beginning on September 12.

Businessman Andrew Barclay, who’s being supported by former Charlton chief government and fan Peter Varney, has made his intentions clear he needs to finish a takeover of the Addicks.

And Charlton supporters might be hoping he does as their membership’s future hangs within the steadiness.






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