Charlton set for Dubai buyout

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<h2 class="padding-bottom-7" style="font-size: 1.05em; line-height: 1.05em;"> CHARLTON have received an indicative offer from a group of Dubai-based investors. </h2> The Addicks currently lie 14th in the Coca-Cola Championship having been relegated from the Premier League in 2007

But the offer comes from Zabeel Investments, who were recently linked with buying Newcastle.

The board at The Valley have already made it clear they recommend the offer should be accepted, which could then see a huge cash injection for the south London club.

A statement from Charlton read: “The board of Charlton Athletic plc announces that it has received an indicative cash offer from Zabeel Investments, a Dubai-based diversified investment company.

“The indicative offer is subject to a number of preconditions, including due diligence, however, it is at a level at which, should the offer be made formally to shareholders, the board would recommend shareholders to accept it.

“There is, however, no certainty that a formal offer will be made nor as to the terms of any offer.