Source: Team_Talk
Directors boost Addicks finances
The Addicks have been in talks with a number of potential investors in the club but none have come to fruition as yet, so instead a revamped board have come up with the extra cash to bring to an end the financial uncertainty at The Valley.
The move, which also sees football club chairman Richard Murray become plc chairman in place of Derek Chappell, should mean Charlton - who are currently unbeaten and lying second in League One - will not need to sell any of their star players in the near future.
Chappell said: "I hope that by retaining our key players, and indeed adding to the squad during the recent transfer window, we have once again demonstrated our commitment to the club, both as supporters and investors.
"After such an outstanding start to the season it was essential we brought stability to the club's finances and removed the need for player sales, and the action we have taken will achieve both objectives and hopefully provide the platform for us to make an immediate return to the Championship.
"As there is now effectively only one board managing the club's affairs, I have decided to step down as plc chairman out of respect to Richard, whom the board has unanimously appointed as the new plc chairman, and this change has my full support. The action we have taken has brought much-needed stability to the football club, and has allowed us time to attract the level of investment we all believe is necessary to bring future success to our great football club."
