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Three prospective new owners of Charlton fail EFL's OADT

Charlton’s future thrown into doubt after three prospective new owners fail EFL’s Owners’ and Directors’ Test

  • Three of Charlton Athletic’s new owners failed EFL’s Owners’ and Directors’ Test
  • Consortium led by Paul Elliott took charge of club’s parent company ESI 
  • Elliott was set to become the Addicks’ third owner in past seven months 

Charlton Athletic face an uncertain future after three of their prospective new owners failed the EFL’s Owners’ and Directors’ Test.

The Addiks were relegated to League One last month and were earlier placed under a transfer embargo during a catastrophic year.

A consortium led by Manchester-based businessmen Paul Elliott recently took control of East Street Investments – the company that owns Charlton.

Relegated Charlton have seen their new owners fail the EFL’s Owners and Directors Test

A consortium led by Paul Elliott had agreed to take control of East Street Investments

Elliott was named as the club’s third owner in seven months after Tahnoon Nimer bought it from Roland Duchatelet in January.

But the EFL announced on Friday that three individuals had failed their test.

‘The EFL Board was asked to consider Owners’ and Directors’ Test (OADT) applications lodged by Charlton Athletic in respect of a number of different individuals,’ 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.

‘The EFL continues to consider applications from other individuals under the OADT.’

Since Roland Duchalet sold Charlton seven months ago they have had three owners




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