Charlton Athletic: Paul Elliott confirmed as owner and chairman

Charlton Athletic, 22nd in the Championship, are scheduled to resume their season on 20 June against fellow strugglers Hull

Businessman Paul Elliott is the new owner and chairman of Charlton Athletic after his consortium completed their takeover of East Street Investments.

ESI bought the Addicks from previous owner Roland Duchatelet in January.

Tahnoon Nimer and Matt Southall, who were at the forefront of that deal, later fell out and they will no longer be involved with the Championship club.

Charlton say they are “in touch” with the EFL to “begin the process of finalising the change of control”.

Elliott’s purchase of ESI ends a tumultuous five-month period at The Valley, with a boardroom spat between Nimer and Southall causing off-field issues.

The two men fell out over proposed investment, with Nimer removing Southall from his position as executive chairman in March – but Southall then refused to leave the board of ESI.

The English Football League began an investigation into potential misconduct during ESI’s purchase of the club from Duchatelet, who had been owner of the Addicks for six years.

ESI have an agreement to purchase The Valley and the club’s training ground from Duchatelet in the future as part of the deal agreed in January.

Elliott ‘looking to ensure stability’

Hammersmith-born Elliott began his career with a property management company, which he subsequently turned into a large portfolio of residential and commercial units.

Elliott said he was “delighted” to take ownership of Charlton, and that he will “take the responsibility very seriously”.

“I will be looking to ensure the stability of the club so we can look to put behind us the recent boardroom events and concentrate on building a unified boardroom and a unified club,” he added in a statement on the Charlton website.