Championship outfit Charlton Athletic are being sold to Belgian millionaire Roland Duchatelet.

The Daily Mail reports the business tycoon who made his fortune in electronics is understood to have paid a cut-price £14m for the London club who are currently lying sixth from bottom in the championship.

The takeover follows the collapse last month at the due diligence stage of a proposed purchase of Charlton by American sports franchise owner Josh Harris.

Duchatelet is a high profile figure in Belgium where he owns Standard Liege, the current leaders of the Belgian Pro League, as well as founding a small social liberal political party Vivant who believe in a basic minimum wage for all.