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Belgian millionaire completes Charlton buyout

Belgian millionaire Roland Duchatelet has completed his buyout of Charlton Athletic.

The London Evening Standard says Duchatelet today completed his takeover of Charlton in a deal thought to be worth £20million.

Duchatelet, 67, who owns Belgian club Standard Liege, has ended months of uncertainty surrounding the Championship side and his arrival is likely to mean Charlton boss Chris Powell will have money to invest in the transfer window.

The business tycoon is estimated to be worth £418m and is a high?profile figure in his homeland, where he has also founded a small social liberal political party.

Richard Murray, who will remain on the board and become non?executive chairman, 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 network in many different ways, like finding suitable players to strengthen the squad."

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