Home England Charlton set for Dubai buyout

Charlton set for Dubai buyout

Zabeel Investments is the company looking at the Addicks, the same company who were recently linked with buying Premiership side Newcastle.

A statement from Charlton read: “The board of Charlton Athletic plc announces that it has received an indicative cash offer from Zabeel Investments, a Dubai-based diversified investment company.

“The indicative offer is subject to a number of preconditions, including due diligence, however, it is at a level at which, 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 nor as to the terms of any offer.”