Belgian businessman completes takeover of Charlton Athletic

Charlton Athletic

Roland Duchâtelet has this afternoon completed his takeover of Charlton Athletic Football Club.

An official statement from Charlton Athletic Football Club on Friday afternoon confirmed that the expected takeover of the club by Belgian millionaire Roland Duchâtelet has been completed.

100% of the club's shares were acquired by Duchâtelet's company Staprix NV, which is used as an investment vehicle for the 67 year old's sporting investments, including those in Standard Liege, whom he also owns.

Duchâtelet's arrival at the club will see Tony Jimenez and Martin Prothero step down from their positions on the board of directors, following former chairman Michael Slater in leaving the club. Meanwhile, it has been confirmed that Richard Murray will remain at the club, as non-executive Chairman.

Speaking upon the completion of the takeover, Murray said: 

"I look forward to using my long experience in English football to continue to represent the club that has been my passion for many years. Charlton can benefit from Roland’s experience in many different ways."

The terms of the deal have remained confidential, but as reported in last week's article on Duchâtelet's takeover, we believe the fee to be in region of £14m.

Duchâtelet, 67, is a former Belgian senator who made his millions in the electronics industry as the owner of Belgian semiconductor manufacturer Melexis.

In a 2011 report, he was considered to be the 18th richest man in Belgium, with an estimated worth in excess of £400m.

Outgoing chairman Michael Slater stated his belief that the takeover was beneficial for all parties, and that the new owner as a suitable custodian of the Addicks:

“We believe we have found an investor with extensive knowledge of football who is well placed to stabilize the club in the Championship and help the club to develop on a sensible commercial basis."

With tomorrow's FA Cup clash with Oxford United having been called off due to a waterlogged pitch at The Valley, Duchâtelet's immediate attention must switch to the contract crisis as the South London club.

Manager Chris Powell is out of contract in the summer, as are several key players, including captain Johnnie Jackson.

Charlton Athletic sit 19th in the Championship table, three points above the drop zone.

Duchâtelet's first match will be the club's home game with fellow strugglers Barnsley next Saturday.

image: © Ewan-M

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