Charlton Athletic takeover talks with the Australian Football Consortium have ground to a halt, according to Kent Live.

In April, the MailSport revealed that an Australian Sports Consortium, which goes by the name of the Australian Football Consortium (AFC) LTD, were interested in purchasing the Addicks from the infamous and controversial owner, Roland Duchatelet.

At the time of the news breaking, the AFC were in the process of raising £20 million capital to purchase the club from the Belgian (although Kent Live have stated that £25 million is a more accurate estimation), but it was understood that the deal allegedly would not include The Valley and that in fact a lease agreement would be implemented if a takeover deal was finalised.

According to Kent Live, Roland Duchatelet was not pleased with the fact that a possible deal was disclosed to the public, due to the delicate and fractious relationship he has with the Charlton faithful, and their pressure on him to sell the red southeast London club.

Since the initial leak of a possible deal was ran by the national press, news of further developments and progress in the negotiations went quiet. It is understood that no further progress has taken place due to the AFC only being able to raise £12.5 million capital of the £25 million required to table an offer for the Addicks.

However, it is understood that the AFC are now attempting to raise the remaining funds through alternative methods, and reforming their strategy in order to attempt a final deal for Charlton Athletic.


About Author

Charlton Athletic fan who is still proud and loves the achievements under Jimmy Seed, Alan Curbishley and Chris Powell. I am still waiting for the day when we return to the top flight of English Football! I am staunchly against the Roland Duchatelet ownership and support CARD in his removal. I am also a qualified referee with the London FA. Twitter: @ValleyFloydFred