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John Parnis England's avatar

Really interesting take on the nuanced world of football ownership.

When undertaking our research at LCP, the Charlton Athletic case was one of the most fascinating examples we found. From the brink of administration in 2020, there was a complicated deal which saw Thomas Sandgaard purchase the club, but requiring to give up control of the stadium and training ground to the previous owner, Roland Duchâtelet, required to offset a £45m loan that was outstanding at the point of purchase (who remains in control despite the new ownership!).

Thomas Sandgaard, through Clear Ocean Capital Limited, injected funding of £10.5m (mixture of debt and equity) following the takeover, but this was not enough to build the team required to fulfil his ambitious promises of reaching the Premier League within a couple of years, and European football in 15!

Overall, a clear example of how uncertain the future of a club can be when in the hands of an owner (or in this case multiple different owners over time)!

It will be interesting to see how the new structure will operate, and whether they will have the ability to invest smartly and quickly to get Charlton back up the pyramid.

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David Samuels's avatar

Rather surprising to see on the Gracenote/Nielsen medal tally prediction chart that Britain, in fourth place, is represented with the flag of St. George.

More research needed?

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