It's been announced Charlton Athletic are being bought by the SE7 consortium from Thomas Sandgaard.

The deal is subject to Football League approval.

SE7 is lead by former Sunderland director Charlie Methven, Edward Warrick and American billionaire Joshua Friedman.

Former Addicks owner Roland Duchatelet also comes into play as he still owns The Valley and the club's Sparrows Lane training ground.

Charlton CEO Peter Storrie said: “A deal has been agreed and a share purchase agreement has been signed by Thomas Sandgaard and SE7 Partners. We'll now work with SE7 Partners and the EFL to meet the league requirements, which is a process that can take some time.

“In the meantime, the day-to-day running of the club will not be impacted. Our preparation and recruitment for the 2023-24 season is well under way. We have our targets for our men's team and our women's team.

“Led by Dean Holden and Karen Hills, those plans continue to progress and will not be halted while we await the approval. The aim is to put the club in the best position to achieve our targets for next season - a top-six finish for the men's team and further progression for the women's team."