East Street Investment led by Abu Dhabi Business Development, the Private Office of Sheikh Saeed Bin Tahnoun Bin Mohammed Al Nahyan, became Thursday the new owner of the Charlton Athletic, a side in the English Championship league.
Charlton outgoing owner, Roland Duchatelet in charge of the club since 2014 made the announcement on the club website.
“It was vital for the long-term health of Charlton Athletic that this deal was completed at the very start of the January transfer window.
“It allows the new owners to commit resources to the football side in order to bring in new players who will help secure the club’s position in the Championship,” he said on the outfit’s website.
The Belgian businessman was looking to relinquish the club since 2017 after he fell out with fans. The operation, inked in November, was delayed by the Premier League, which signed it off on Thursday.
Tahnoon Nimer and Jonathan Heller respectively Chairman and Chief Executive of Abu Dhabi Business Development join the club as directors while former football agent Matt Southall becomes the new Chairman of the team.
Southall in a message to the fans indicated that the new owner will do whatever it takes to protect legacy and the long-term future of the club, Football.London reports.
Charlton are currently sitting 19th on the Championship table with just one win from their last four matches.