Charlton Athletic in Belgian hands

Captain of industry Roland Duchâtelet has added the English championship club Charlton Athletic to his stable. The chairman of Standard de Liège on Friday concluded talks with the south London club. Charlton had been on the lookout for a new investor after the money dried up.

The Belgian entrepreneur had been in talks with the club for over a week. Roland Duchâtelet now has interests in five clubs in four countries: He is chairman of Standard de Liège and is also involved in Sint-Truiden of Belgium, Ujpest of Hungary and Carl Zeiss Jena of Germany.

Charlton were set up in 1905 and are based at the Valley. The Addicks as they are known had their heyday in the years immediately before and after the war. At one time the Valley was the largest stadium in the land. Charlton won the FA Cup in 1947. It went downhill for the Addicks in the sixties, but with fresh money Charlton made it into the Premiership in 1998. In 2007 they were relegated to the FA Championship that operates as the English second division.