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Charlton owner Sandgaard will stay at club if takeover collapses as bid stalls

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Charlton owner Sandgaard will stay at club if takeover collapses as bid stalls
Charlton owner Sandgaard will stay at club if takeover collapses as bid stalls

OWNER Thomas Sandgaard will stay at Charlton if a US takeover collapses.

Marc Spiegel’s bid to buy the League One club is running into snags.

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Sandgaard could remain at CharltonCredit: Alamy

But Sandgaard’s advisers suggest a small investment could help the club.

Spiegel and his consortium had hoped to complete a takeover this week, but talks have stalled.

Their exclusivity period with Sandgaard - which was signed in February - has also expired.

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American businessman Spiegel recently revealed his ambition for Charlton.

As quoted by Bloomberg, he said: "Our ambitions are more than just purchasing a club.

"We want to elevate the club – expose it to a new audience and win on the pitch."

If an adequate takeover offer is made, Sandgaard - who purchased Charlton in September 2020 - could decide to relinquish all control of the club.

The Addicks currently sit 10th in League One.

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And fans have put the club's mediocre season down to Sandgaard's poor ownership.

Charlton earned a 3-2 win over Port Vale on Saturday.

Alan Nixon

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