Charlton announce takeover talks now over

Charlton have announced that talks with potential investors over a takeover of the Championship club have been discontinued.

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The Addicks were a reported target for a £45million buy-out from a Middle East consortium shortly after they were relegated from the Premier League last season, and brought in takeover experts Seymour Pierce Ltd in August to weigh up their options.

But the current regime, headed by chairman Richard Murray, will now remain at the helm as Alan Pardew attempts to guide the club to promotion back to the top flight at the first attempt.

In a statement to the Stock Exchange, the club said: "Following the conclusion of this strategic review, the board of Charlton have concluded that the best interests of Charlton and its shareholders are served under the current ownership and management structure.

"As a result, all talks regarding possible offers for the company have now been discontinued.

"The board of Charlton is committed to the long-term success and future of the company, including the provision of appropriate funding, so to ensure that the club is well placed to challenge for Premier League status."

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