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Charlton ENDS the ownership nightmare by confirming Thomas Sandgaard as the club’s new financier

Charlton ENDS the Ownership Nightmare by confirming Thomas Sandgaard as the club’s new financier … with the Denmark-born entrepreneur immediately injecting money to save the club

  • Charlton Athletic’s long struggle with their ESI ownership is finally over
  • The club has officially confirmed Thomas Sandgaard as the new owner of the club
  • The American citizen has said he has already invested money to save the club
  • Sandgaard has passed EFL testing and is backed by Addicks supporters

Thomas Sandgaard has completed his acquisition of Charlton Athletic and promised a bright future after years of turmoil in the Valley.

Sandgaard, a Danish-American medical technology magnate with a passion for rock music and English football, issued a statement confirming that he owned 100 percent of East Street Investments (ESI) after passing the EFL’s ownership test.

He has negotiated a 15-year lease for the stadium and training area, which will remain in the hands of previous owner Roland Duchatelet, who sold the club to ESI for a pound in January.

Charlton can finally put their ownership battle behind after announcing a new financier

Charlton can finally put their ownership battle behind after announcing a new financier

The London club revealed Danish-born businessman and rock fanatic Thomas Sandgaard

The London club revealed Danish-born businessman and rock fanatic Thomas Sandgaard

The London club revealed Danish-born businessman and rock fanatic Thomas Sandgaard

The Sandgaard acquisition is backed by Charlton fans, and he's already pumped money

The Sandgaard acquisition is backed by Charlton fans, and he's already pumped money

The Sandgaard acquisition is backed by Charlton fans, and he’s already pumped money

“While there was a court order to prevent the takeover of ESI, it did not prevent the takeover of the club itself and so I am pleased to announce that I have acquired the club from ESI,” said Sandgaard.

With the club running out of money this month, it was important that I move quickly to finalize the takeover and put money into the club to ensure its survival.

The club will also work quickly upon completion to recover as much as possible any losses incurred as a result of the previous owners’ actions.

Charlton was downgraded to League One under the ownership stock of East Street Investments

Charlton was downgraded to League One under the ownership stock of East Street Investments

Charlton was downgraded to League One under the ownership stock of East Street Investments

‘I am truly humbled by all the support from Charlton fans, honored to be officially part of the Charlton family and part of a team that will lead the club to a successful future.

‘The Charlton community is one of a kind. They welcomed and embraced this change of hands with more openness than many others would have given Charlton’s history. ‘

Charlton fans’ big day finally comes less than a year after the East Street Investments nightmare began, and after a consortium led by Paul Elliott made an unsuccessful attempt to take over the club, with EFL’s Owners and Directors- test failed amid a lengthy dispute.

‘Today is the day! We have done the impossible, ”Sandgaard wrote in his open letter.

“We were victorious and thanks to you we got this far.

Thank you for your passion, your persistence and your patience. There is no club without you. We are Charlton Athletic Football Club.

The club can now focus on rejuvenation on the pitch in the Valley

The club can now focus on rejuvenation on the pitch in the Valley

The club can now focus on rejuvenation on the pitch in the Valley

‘I felt early on that we were in this together. I am humbled by your support and honored to be officially part of the Charlton family. The Charlton community is one of a kind. You welcomed and embraced this change of hands with more openness than many others would have given your history.

Thank you for standing up for what you believe in. I will not disappoint you. Cheers to all of you. Cheers to Charlton! I assure you that we have only just started. We are the London club. ‘

After years of discontent under Duchatelet and the disastrous ESI regime, fans and former players of the League One club, relegated from the Premier League in 2007, united to celebrate the takeover.

“Fantastic news,” said former Charlton and English striker Darren Bent on Twitter.

Sandgaard added: “As the club was running out of money this month, it was important that I move quickly to complete the acquisition and put money into the club to ensure its survival.”

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