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Relegated Charlton might be takeover target
England - 09 May, 2007
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Charlton, whose relegation from the English Premier League was confirmed, may soon be taken over by a consortium of Middle Eastern and continental businessmen, Sportsbusiness.com is reporting. Sportsbusiness.com is reporting
The group had previously looked into acquiring Liverpool.
According to the online site, Charlton gained the consortium's attention because of the London location, which is suitable for expansion and offers commercial and marketing potential. The club also owns its ground, in addition to having a well-established academy and facilities.
The consortium has always been determined to make the bid regardless of Charlton's status, although relegation could alter the price. It is possible that a bid will be tabled shortly after the end of the season.
The group had previously looked into acquiring Liverpool.
According to the online site, Charlton gained the consortium's attention because of the London location, which is suitable for expansion and offers commercial and marketing potential. The club also owns its ground, in addition to having a well-established academy and facilities.
The consortium has always been determined to make the bid regardless of Charlton's status, although relegation could alter the price. It is possible that a bid will be tabled shortly after the end of the season.
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