SE7 Partners set to buy Charlton Athletic

Article posted by Coliseum, June 6^th, 2023

Image: The Valley, john mills, CC BY-SA 2.0

The EFL League One club Charlton Athletic F.C. (UK) has confirmed that a deal has been agreed for SE7 Partners to purchase the football club.

‘CHARLTON ATHLETIC’ stated that a share purchase agreement (SPA) was signed by the club’s current owner Thomas Sandgaard and SE7 Partners. The club and SE7 Partners will work with the English Football League (EFL) to meet its requirements before approval for the takeover is granted.

The Charlton Athletic Football Club is an English professional football club based in Charlton, South-East London (UK), which compete in EFL League One. Their home ground is The Valley, where the club have played since 1919.

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The Valley is a 27,111-capacity sports stadium in Charlton, London, England (UK) and has been the home venue of the Charlton Athletic Football Club since 1920s, with a period of exile between 1985 and 1992. The Charlton Railway Station is less than a five-minute walk away from the stadium.

The English Football League One, known as the Sky Bet League One for sponsorship purposes or simply League One in England, is the second-highest division of the English Football League and the third tier overall in the English football league system.

Preston (UK)-based the English Football League (EFL) is a league of professional football clubs from England and Wales. Founded in 1888 as the Football League, the league is the oldest such competition in the world.

Put in Peter Storrie, the club’s head honcho, “A deal has been agreed and a share purchase agreement has been signed by Thomas Sandgaard and SE7 Partners. We’ll now work with SE7 Partners and the EFL to meet the league requirements, which is a process that can take some time. In the meantime, the day-to-day running of the club will not be impacted. Our preparation and recruitment for the 2023-2024 seasons is well under way. We have our targets for our men’s team and our women’s team. Led by Dean Holden and Karen Hills, those plans continue to progress and will not be halted while we await the approval. The aim is to put the club in the best position to achieve our targets for the next season – a top-six finish for the men’s team and further progression for the women’s team.”

‘CHARLTON ATHLETIC’ further stated that the club and the SE7 Partners Group will communicate with supporters as soon as the takeover is complete.

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