Charlton board members fail EFL's Owners and Directors' test leaving club in limbo

Charlton board members fail EFL's Owners and Directors' test leaving club in limbo

August 7, 2020

CHARLTON'S takeover has been left in limbo after three people failed the English Football League's Owners and Directors' Test.

The Addicks had announced in June East Street Investments (ESI) was taken over by a consortium led by businessman Paul Elliott.

But the EFL confirmed three of those involved in the takeover have failed their Owners and Directors' Test.

A statement read: "Following a full and comprehensive appraisal of all the relevant matters the Board determined that three individuals were subject to a Disqualifying Condition and the EFL declined to approve their applications.

"Those individuals have 14 days to appeal the decision."

According to the Evening Standard, proposed owner Elliot was one of the three to have failed the Owners and Directors' Test.

Elliot joins a list of unsuccessful buyers deemed unable to take over a club.

The unwanted group includes One Direction star Louis Tomlinson.

Last season Charlton had two owners after ESI bought the club from  the incredibly unpopular owner Roland Duchatelet.

But a public rift between majority shareholder Tahnoon Nimer and executive chairman Matt Southall quickly put a strain on the club's new ownership.

Manchester-based businessman Elliot then led to charge to takeover the club.

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