Friday, October 10, 2008


See, a little bit of cajoling and along come a Dubai-based investment company to make an indicative bid for Charlton. This is a serious, cash, offer apparently - now where is my shares certificate?

The club confirmed in a statement that it will enter a period of due diligence with Zabeel Investments, and then we will see if the possibility of a firm offer comes to fruition. The board has already said that shareholders should accept it!

Whether this is the same interest as that purported to have come from potential buyers last year remains to be seen - I don't like Mihir Bose but if this is what he wrote about, he definitely had a scoop!

In the issued statement, Derek Chappell, chairman of Charlton Athletic plc and Richard Murray, chairman of the club, said: "The board firmly believes that a successful outcome for this transaction would be beneficial to shareholders and employees of Charlton, all fans of the club and the local community as a whole."

Mohammed Al Hashimi, executive chairman of Zabeel Investments, added: "We feel now is the right time to make a strategic, long term investment in Charlton and get CAFC back to the English Premier League where they belong. The passion of the fans at Charlton, the heritage of the Club and the unique status it enjoys in the community make it an exciting proposition for us."
Zabeel are allegedly owned by the son of the ruling family of Dubai - the Maktoums, and are said to be worth BILLIONS!
More later I expect...

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