Championship - Charlton confirm Arab bid

Eurosport - Sat, 11 Oct 16:38:00 2008

Charlton Athletic have confirmed that they are in talks to sell the Championship club to an Arab consortium headed by Sheikh Mohammed.

FOOTBALL Charlton doggy - 0

Dubai-based group Zabeel Investments have made a cash offer for the South East London side, who were relegated from the Premier League in the summer of 2007.

"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," Mohammed Al Hashimi, executive chairman of Zabeel Investments, told the club website.

Zabeel are owned by Dubai's ruler and renowned horse breeder Sheikh Mohammed.

They were one of Mike Ashley's targets when he first tried to sell Newcastle in September, but opted against purchasing the North East giants.

Charlton, however, have a reputation as a stable, family-based club, who carry out significant work in the local community and have a well-respected youth system.

Manager Alan Pardew does, however, face similar problems to his predecessor Alan Curbishley in that Charlton lack the financial muscle to compete with Premier League clubs.

The Addicks currently lie 14th in the Championship.

Reda Maher / Eurosport

Comment 1 - 20 of 20

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  1. To be honest, this could really be a fantastic move for­ the club, the reason we are quite attractive at the­ moment is our excellent links with the community and­ the south east of England, we have a good youth set up­ which can become even better if we have more finances­ to play with, the set up of the club is great and a­ closely knit family club. Any extra funds in the­ transfer window is a big bonus but because a club is­ being taken over does not mean that there will be­ excess amounts of money for players, I believe that it­ will take a couple of years to see the full effects of­ a take over.

    Chris K (Charlton till I Die)

    From chris, on Mon 13 Oct 11:53AM

  2. Typical Anglo Saxon.....

    From sappercommando25, on Mon 13 Oct 4:00AM

  3. no stupid... this is actually what it is
    arsenal -­ english owned, emirates airlines is just a­ sponsor.
    liverpool - yanks
    man u - two crazy yanks
    man­ city - UAE
    Chelsea - Russina/isreali
    Charlton ??

    From iia_26, on Sat 11 Oct 11:28PM

  4. Charlton fans, be very worried.
    You are hardly a­ glamour club and let's face it, hardly a sleeping­ giant; so what's the real deal here? Forgive me if­ i appear somewhat cynical but there's something not­ quite right about this one!

    From cameron w, on Sat 11 Oct 2:30PM

  5. DOUBT IT!!

    From doubt.it.man, on Sat 11 Oct 12:05PM

  6. *Correction*

    Arsenal - Emirates
    Man City - Ahu­ Dhabi
    Liverpool - Saudi's or UAE
    Charlton - Sheikh­ Mohammed

    ITS THE U.A.E (UNITED ARAB EMIRATES) LEAGUE­ STUPID!!

    and we Emirati's love england and thier­ clubs....

    From binshnan, on Sat 11 Oct 8:38AM

  7. Arsenal - Emirates
    Man City - Abhu Dhabi
    Liverpool -­ Saudi's or UAE
    Charlton - Sheikh Mohammed

    It's­ the ARAB league, stupid!

    From Segun, on Sat 11 Oct 7:46AM

  8. Arsenal - Emirates
    Man City - Abhu Dhabi
    Liverpool -­ Saudi's or UAE

    It's the ARAB league, stupid!

    From Segun, on Sat 11 Oct 7:46AM

  9. It would be nice to see Charlton with some money to buy­ players. The Charlton fans have been through enough,­ what with relegation and poor performances recently.­ Lets hope if the takeover goes through, It does not end­ in disaster when they get bored with owning a football­ club.

    From kevin.emanuel, on Sat 11 Oct 7:42AM

  10. why the heck my comment wasn't posted

    From abdulh, on Sat 11 Oct 12:57AM

  11. am a great charlton supporters ...living just behind­ the stadium itself ...........i really think that cafc­ needs some money to head against some of the big club­ coz it has a great history with sam barthram and­ reallly needs fund ......just hope things goes for the­ best for them.........

    cafc cafc cafc hans­ from the valley

    From Hans, on Fri 10 Oct 11:47PM

  12. am a great charlton supporters ...living just behind­ the stadium itself ...........i really think that cafc­ needs some money to head against some of the big club­ coz it has a great history with sam barthram and­ reallly needs fund ......just hope things goes for the­ best for them.........

    cafc cafc cafc

    From Hans, on Fri 10 Oct 11:46PM

  13. IM GONNA TELL U WHAT A G TOLD ME

    "CASH RULES­ EVERYTHING AROUND ME" -------­ WUTANG

    Premierleague...hes come Charlton

    From Unknown U, on Fri 10 Oct 10:29PM

  14. The way I see it, before long there wont be a club in­ the country that is not in
    foriegn hands just as all­ our industry is.
    The only difference is that it is not­ Gordon Brown selling of the clubs, next thing you know­ they will be trying to buy up tyhe Houses of Parrlament­ they have tried
    buying the stock exchange, but that now­ is not a good business deal.

    MM of Penge

    From aramiss01, on Fri 10 Oct 9:45PM

  15. They play like CAMELS!

    From shingler473, on Fri 10 Oct 9:06PM

  16. the way we are playing it doesnt look like liverpool­ need it either

    From !, on Fri 10 Oct 8:54PM

  17. no more beer then at charlton

    From CHRIS N, on Fri 10 Oct 8:28PM

  18. love it that charlton are move attractive than­ newcastle!! as a hammer i would love to see pards stay­ in the position if a takeover did happen, i would have­ loved to have seen him given more time the last time­ that happened and i would hate to see it happen to him­ again.

    From jmh_tru, on Fri 10 Oct 8:12PM

  19. Liverpool pwned

    From invincible, on Fri 10 Oct 7:30PM

  20. go charlton, guess liverpool wont be getting the arabs­ money now hahahaha

    From Tony M, on Fri 10 Oct 7:07PM
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