Valley and Sparrows Lane lease extended to 2040
Charlton Athletic are pleased to announce the extension of the club's lease of The Valley and Sparrows Lane training ground.
The agreement secures the Addicks' tenure at both locations through to June 2040.
Charlton Athletic Chief Financial and Operations Officer Ed Warrick said: "The Valley has been our home for generations and holds huge significance for the whole Charlton family. Similarly, Sparrows Lane is fundamental to our future, serving as the training base for both our men's and women's first-teams as well as home to our highly-regarded academy which continues to nurture exceptional young talent.
"As a club deeply rooted in our community, securing our long-term presence at both locations is a central strategic priority. This is a key step forward on that journey, and the immediate additional security provides a platform to continue investing in these facilities and planning for sustained success over the coming years and beyond.
"The support of our owners has been crucial in unlocking this agreement, and their commitment to the club's long-term future has enabled us to reach this outcome. We remain focused on ensuring the club has the certainty and infrastructure necessary to achieve our long-term ambitions, and we're grateful to the landlord for their constructive engagement in reaching this agreement.
"Since Global Football Partners' acquisition of the club in July 2023, we've demonstrated our commitment through tangible improvements at The Valley, from the new big screen launching shortly and state-of-the-art floodlights to the enhanced Fan Zone, upgraded club shop, and safe-standing area. Many of these enhancements have been shaped by feedback and engagement with supporters, ensuring the matchday experience reflects what our fans value most. These investments, combined with our on-pitch progress, have contributed to improved atmosphere and attendance. We've matched this commitment at Sparrows Lane with significant investment in pitch quality, facilities, and infrastructure upgrades.
"This agreement provides the foundation for further development at both sites. It reinforces our strategic commitment to building infrastructure that supports our collective aim: establishing Charlton as the most cohesive and sustainable community-driven club competing at an elite level."
https://www.charltonafc.com/news/valley-and-sparrows-lane-lease-extended-2040
Comments
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Don't know what this means other than guaranteeing income for Roland?5
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Think this is very good news personally34
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Good that we are secure for 15 years, even if it's still not a great situation.6
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Security (that’s how I see it anyway).WSS said:Don't know what this means other than guaranteeing income for Roland?
Thats a long lease. Be interested to know the monies involved but that will come out.
For me it means I’m not fixating on what Twoshits is going to do next but concentrating on making the best of what we have, which can only help the club going forward.
I’m sure someone will piss on my chips 🙄🤣🤣2 -
Great news. I think we will only be able to buy them back if we make it to the premier league or if Roland dies. One or both might happen before 20403
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I know it’s good news that we’ve got a 15 years extension, but most fans will only be pleased when we own it, for all the work we put in as fans to get our home back in 1992.8
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It's sort of good news, as we've obviously been negotiating, but sad that a buy back could not be agreed. It would have been better for all parties for us to have paid c£20m now, rather than c£500k a year for the next 15 years, but I guess Roland thinks he knows best.1
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He won’t take 20m that’s the problem………the fecking eejit 😠Pedro45 said:It's sort of good news, as we've obviously been negotiating, but sad that a buy back could not be agreed. It would have been better for all parties for us to have paid c£20m now, rather than c£500k a year for the next 15 years, but I guess Roland thinks he knows best.5 -
It’s a five year extension, no doubt in return for a higher rent. Not a bad thing but shows this isn’t going to be resolved outside the PL, which we knew.
it’s a short lease in commercial terms. That’s just a fact.17 - Sponsored links:
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I don’t think ‘we’ as in the club will ever own it again. When it moves from RD it will be to some subsidiary company of individuals.Bilko said:I know it’s good news that we’ve got a 15 years extension, but most fans will only be pleased when we own it, for all the work we put in as fans to get our home back in 1992.1 -
Good news. I'll probably be sitting in my own piss in a care home in 15 years time so won't see us leave The Valley again21
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Buys time, literally. Promotion from here and purchasing outright becomes financially viable provided Roland doesn’t then get even more fanciful ideas about the valuation.1
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Taking the positives, at least you’ll still be sitting up :-)DaveMehmet said:Good news. I'll probably be sitting in my own piss in a care home in 15 years time so won't see us leave The Valley again10 -
15 years to become a sustainable prem side…0
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Good news even if not ideal ie the ownership being under the same ownership as the club
Half a loaf us better than no loaf.2 -
You would hope that as part of the extension that a fixed future purchase price was agreed.LoOkOuT said:Buys time, literally. Promotion from here and purchasing outright becomes financially viable provided Roland doesn’t then get even more fanciful ideas about the valuation.1 -
This is realistically the best possible outcome can’t expect the owners to spend double on what the training ground and valley is worth. Hopefully by the end of the lease Duchatelet will have had to give up the assets to someone else in his family and we can buy it for a realistic price2
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Good to know. We are the same age, thanks for the words of encouragement lol :-)DaveMehmet said:Good news. I'll probably be sitting in my own piss in a care home in 15 years time so won't see us leave The Valley again2 -
No money to buy them then. RIght-o.9
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they'll have the money - but why pay massively over the odds.golfaddick said:No money to buy them then. RIght-o.
surely he'll be dead before then and hopefully whoever it's left to doesn't want/need the aggro2 -
Is being miserable the only thing that makes you happy?golfaddick said:No money to buy them then. RIght-o.20 -
Bloke is going to break all records as the oldest living man in history.Elthamaddick said:
they'll have the money - but why pay massively over the odds.golfaddick said:No money to buy them then. RIght-o.
surely he'll be dead before then and hopefully whoever it's left to doesn't want/need the aggro
We'll be sat here in 2065 celebrating the latest lease extension as he turns 118 years old.11 -
Where’s that AI aged Roland photo from one of the takeover threads when you need it?Chris_from_Sidcup said:
Bloke is going to break all records as the oldest living man in history.Elthamaddick said:
they'll have the money - but why pay massively over the odds.golfaddick said:No money to buy them then. RIght-o.
surely he'll be dead before then and hopefully whoever it's left to doesn't want/need the aggro
We'll be sat here in 2065 celebrating the latest lease extension as he turns 118 years old.0 -
A pessimist is never disappointedsouthamptonaddick said:
Is being miserable the only thing that makes you happy?golfaddick said:No money to buy them then. RIght-o.3 -
As a financial advisor Im suprised by your comment mate. If you were advising the owners from a financial perspective I take it that you would be telling them to buy, even though the price is vastly over the value ? I dont believe you would be so can only put your comment down to your usual negativity re the clubgolfaddick said:No money to buy them then. RIght-o.9 -
‘Eejit’ ??? Hardly. He's got a performing asset bringing in regular and most likely stable income that is not only appreciating in value but in 15 years time will likely be worth considerably more as a development site than its current book value I would guess. The additional security of tenure is good for the club as it provides a breathing space but buying the land back sooner rather than later is probably still the aim & a win/win scenario for both sides i would have thought.KBslittlesis said:
He won’t take 20m that’s the problem………the fecking eejit 😠Pedro45 said:It's sort of good news, as we've obviously been negotiating, but sad that a buy back could not be agreed. It would have been better for all parties for us to have paid c£20m now, rather than c£500k a year for the next 15 years, but I guess Roland thinks he knows best.0 -
That can't be true @golfaddick is always disappointed.shirty5 said:
A pessimist is never disappointedsouthamptonaddick said:
Is being miserable the only thing that makes you happy?golfaddick said:No money to buy them then. RIght-o.3 -
Gives the owners time and security. You can't pre-guess what that 15 years bring but if the owners become aware of another option to house the club and the training ground then I'm sure they would look into it, at the moment this suits all parties.0
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Yay, a 15 year freeze on property development on Charlton Life. I'll take that!0
