IS a Takeover Coming?

The Dubai-based sovereign-wealth fund had been in negotiations with the Addicks board with view to a possible takeover. However they confirmed this morning that they no longer intend to pursue their interest.
A statement posted on Charlton's website stated:

"The board was informed by Zabeel Investments on Thursday that it will not be proceeding with the proposed acquisition of Charlton Athletic plc.

"Zabeel Investments has informed Charlton that the decision not to proceed was taken on the basis that its focus moving forward will be on domestic opportunities in Dubai that complement the current Zabeel Investments portfolio.

"In addition, Zabeel Investments has confirmed it has no current intention to acquire any English football club for the foreseeable future."

Whilst a spokesman for Zabeel added:

"Zabeel Investments has the highest regard for both the supporters of Charlton and the way in which Charlton is managed, and wishes the team every success in its quest for promotion this season and moving forward."

Zabeel Investments have been linked with westham before plus a number of other english clubs.but with the clubs chairman Gudmundsson repoted to be under pressure sell the club with his business empire collapsing earlier this month with the fall of Icelandic bank Landsbanki.
A number of sources have claimed the whole charlton takeover was on smokescreen for a bigger takeover bid.