American sports magnate Joshua Harris has pulled out of a deal to buy Charlton Athletic.

The Daily Mail says American billionaire Harris has pulled out of talks to buy Charlton, who are being kept afloat by Mayfair property developer Kevin Cash.

It is understood Harris, who owns basketball's Philadelphia 76ers and ice hockey's New Jersey Devils, and associates withdrew their interest at the due diligence stage. Charlton's claim to own land on the Greenwich peninsular near the O2 Arena is said to be an issue.

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