Charlton Athletic deny takeover bid

Charlton Athletic has denied it is the subject of a takeover bid.

The announcement came after a BBC news report claimed that a Middle Eastern business consortium is primed to invest in The Valley at the end of the season.

In the report, the BBC claimed that the bid, put together by a “group of businessmen from the Middle East and Europe,” valued the club at around £50m.

And that, the group was “keen on Charlton because of its south London location, which is suitable for expansion”.

Charlton chief executive Peter Varney said: “The takeover rumour is totally unfounded.”