£50 million takeover on the cards?

[Mighty T.A.L.]

The BBC are today reporting that a consortium are ready to bid £50 million for Charlton Athletic. The group are said to be the same businessmen who tried to buy Liverpool earlier this season.

Charlton had been valued at £80 million but that price has come down by £30 million after the club were relegated from the Premiership by Tottenham on monday evening.

Relegation has not put the consortium off who see the SE7 club as a very good investment. Charlton own The Valley ground and also have an excellent academy and Training ground.

Charlton chief executive Peter Varney has denied the reports saying: "The takeover rumour is totally unfounded.

Source: charltonathletic.rivals.net

[Mighty T.A.L.]

Addicks deny takeover talk

Charlton Athletic have put paid to rumours a Middle East consortium are preparing a £50million takeover.

It had been thought the consortium, put together by a group of businessmen from the Middle East and Europe, were keen to takeover the relegated outfit.

However, Addicks chief executive Peter Varney has laughed off the suggestions and that members of the consortium were at The Valley on Monday.

"I didn't see many sheikhs at the game last night!" he told Sky Sports News. "As far as I'm concerned it is total nonsense.

"There's been no approach, I think I would know if there had been an approach for the club. There is no substance in the story whatsoever."

Despite Varney's comments, the club wanted to assure fans further and have 'vehemently denied' any talk of a potential takeover.

"Charlton Athletic have vehemently denied they are the subject of a takeover bid from a Middle Eastern business consortium," read a statement on the club's official site.

"Reports claimed that Middle East and continental businessmen were primed to invest in The Valley after the end of the season."

Source: Skysports