From OS: The board of Charlton Athletic plc announced on Friday that it has received an indicative cash offer from Zabeel Investments, a Dubai-based diversified investment company.
The indicative offer is subject to a number of preconditions, including due diligence. However, it is at a level at which, should the offer be made formally to shareholders, the board would recommend shareholders to accept it.
There is, however, no certainty that a formal offer will be made.
Zabeel Investments had been looking at the opportunity to invest in a leading English football club and had been monitoring the situation at Charlton closely.
Told you, this is a moment, something to tell your grandkids "when I were a lad, you wont remember the internet lad, but I was there when we got taken over"
Despite being approached by various English football clubs, as well as a number of well-known clubs in Europe and South America, Zabeel Investments believes Charlton is the right club for them.
The board will keep the shareholders, fans and employees updated with any further developments.
Derek Chappell, plc chairman, and Richard Murray, chairman of the football club, commented: "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 Charlton back to the English Premier League where the club belongs.
"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.”
For the purposes of the takeover code, this announcement has been made with the consent of Zabeel Investments.
Comments
I'm so exicted but I just know within a year the company taking us over will go bust.
lol
Wonder if Pardew if having de ja vu?
but flippety heck!!!
too many peopls trying to access it
please let this be true
http://www.westhamonline.net/forum_flat.php?3023350%7C%7C1%7C%7C
The board of Charlton Athletic plc announced on Friday that it has received an indicative cash offer from Zabeel Investments, a Dubai-based diversified investment company.
The indicative offer is subject to a number of preconditions, including due diligence. However, it is at a level at which, should the offer be made formally to shareholders, the board would recommend shareholders to accept it.
There is, however, no certainty that a formal offer will be made.
Zabeel Investments had been looking at the opportunity to invest in a leading English football club and had been monitoring the situation at Charlton closely.
They wont believe you LOL
The board will keep the shareholders, fans and employees updated with any further developments.
Derek Chappell, plc chairman, and Richard Murray, chairman of the football club, commented: "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 Charlton back to the English Premier League where the club belongs.
"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.”
For the purposes of the takeover code, this announcement has been made with the consent of Zabeel Investments.
It's amazing how so many of them hate lil ole Charlton. I thought they hated Millwall
These guys are big!
Zabeel Investments
"He's Excited"
We're in the money
Oh how Mortain & co will eat up some of these comments if it does not go through...