Dubai-based Zabeel Investments released a statement on Thursday revealing they had decided not to follow up their initial interest in completing a takeover at Championship side Charlton Athletic. This was followed by a denial this was in order to launch a bid to buy Everton.

Regarding their decision to abandon their interest in Charlton, the group said in a statement on the club's official website: "Zabeel Investments has made it clear to Charlton that this decision was not made as a result of any discoveries during the due diligence process.

"Contrary to recent press reports, Zabeel Investments has confirmed to Charlton that it has not approached any other club since it made an indicative offer for Charlton Athletic on October 10, nor has it authorised any approach on its behalf.

"In addition, Zabeel Investments has confirmed it has no current intention to acquire any English football club for the foreseeable future."