Charlton Athletic bought out by ex-Newcastle chief Tony Jimenez

31 December 2010 17:00
Charlton have been taken over by businessmen Michael Slater and Tony Jimenez.[LNB]The Addicks, currently third in npower League One, have been searching for new investment since they were relegated from the Barclays Premier League in 2007.[LNB] Under new management: The home of Charlton Athletic, The Valley[LNB]Lawyer and businessman Slater becomes the club's new chairman and Jimenez, who briefly held the post of vice-president (player recruitment) at Newcastle, will be on the board along with outgoing chairman Richard Murray and former chief executive Peter Varney.[LNB]Slater told Sky Sports News there would be funds available to invest but warned: 'What we won't do is create unrealistic pie-in-the-sky expectations. [LNB]'We will always live within our means and, with a sound commercial approach and the run of the ball on the pitch, our aim, obviously, is tomake steady, upward progress and bring success to The Valley.' [LNB] Another level: Charlton captain Christian Dailly looks comfortable on the ball against Brighton[LNB]In an interview on the club's website, the 44-year-old added: 'We are delighted to have taken control of Charlton. The club has a long and proud history and has an incredibly loyal fanbase.[LNB]'I'd like to pay tribute to Richard Murray, who took on a huge financial responsibility last summer when he saved the club from almost certain administration while he sought new investment.[LNB]'Today's acquisition brings much-needed financial stability to the club. Our plan is to run the club on a sensible financial footing and develop a commercial plan to ensure we make progress on and off the pitch to meet the expectation of the fans.'[LNB]Jimenez, 48, had previously been linked with a takeover at The Valley with his close friend Dennis Wise, whom he also worked alongside at Newcastle.[LNB]The cost of the buy-out has not been disclosed.[LNB] FA Cup second-round replay: Charlton beat Luton to set up Spurs tieCheck out Charlton's results, fixtures, standingsClick here for all the League One lowdown in our brilliant Stats Zone[LNB]  Explore more:Places: Newcastle

Source: Daily_Mail