Dubai-based Zabeel Investments have made a bid for Charlton Athletic.
The club confirmed in a statement that it will enter a period of due diligence with Zabeel Investments and should the offer be made formally, the board is prepared to recommend shareholders to accept it.
Zabeel Investments have been linked with investment in English football for some time while Charlton themselves were the subject of interest for a takeover last year.
Charlton Athletic statement:
“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, had this to say:
“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.”
No offence to Charlton, but it’s not the heritage Zabeel Investments are after, it’s location and price. Then again, if it goes through and they can take Charlton back to the Premier League in 2-3 years and keep them there, why not?