In case you've not seen this yet ...
Addicks acquisition is off
The board of Charlton Athletic plc was today informed by ZabeelInvestments that it will not be proceeding with the proposed acquisitionof Charlton Athletic plc.Zabeel Investments has informed Charlton that the decision not toproceed was taken on the basis that its focus moving forward will be ondomestic opportunities in Dubai that complement the current ZabeelInvestments portfolio.This, combined with the current debate around foreign ownership offootball clubs and the worsening economic climate in the UK, contributedto the decision by Zabeel to pull out.Furthermore, Zabeel Investments has made it clear to Charlton that thisdecision was not made as a result of any discoveries during the duediligence process.Contrary to press reports, Zabeel Investments has confirmed to Charltonthat it has not approached any other club since it made an indicativeoffer for Charlton on October 10th, not has it authorised any approachon its behalf.
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