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Dubai group make bid for Charlton

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Dubai group make bid for Charlton

Post by Fabregas04 on Fri Oct 10, 2008 2:27 pm

Charlton Athletic have confirmed they have received "an indicative cash offer" to buy the club from a Dubai-based investment company.

The club confirmed in a statement that it will enter a period of due diligence with Zabeel Investments.

The statement added: "Should the offer be made formally to shareholders, the board would recommend shareholders to accept it.

"There is, however, no certainty that a formal offer will be made."

Zabeel Investments have been looking for an opportunity to invest in an English club for some time.

Charlton were last year the subject of interest from a group of businessmen from the Middle East and Europe, but takeover talks were later called off.

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