Inside Charlton's takeover chaos as Sandgaard agrees to sell but doubts over future remain

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Inside Charlton's takeover chaos as Sandgaard agrees to sell but doubts over future remain
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Executive from 'Sunderland ‘Til I Die' has offer accepted to buy chaotic Charlton

Sandgaard is a self-proclaimed rockstar businessman and made some bold claims when he took over CharltonFast forward nearly three years… the Addicks are no closer to getting out of League One than when Sandgaard joined and now he’s heading for the exit.

Nothing has been straightforward at Charlton in recent years. The Methven-led takeover remains subject to approval by the EFL and with other parties still showing an interest, the circus at Charlton will likely roll on through the summer.What seems all but certain is that Sandgaard’s time is up. He saved the club back in September 2020 after Roland Duchatelet’s botched sale to East Street Investments [ESI] put the Addicks on the brink of extinction.

Back in 2020, Sandgaard appeared completely different to his predecessors. The self-proclaimed rockstar businessman used his cringey-charisma to try and sell a dream to Charlton fans.Addicks to VictoryThe bubble did not take long to burst. Sandgaard has been absent from games, has little communication with supporters, and his once active Twitter account has not posted in almost a year.

Deposits had been paid into accounts, but the Methven group received a letter saying the deal was off. Sandgaard has had five managers in less than three years at CharltonSince then, American businessman Marc Spiegel arrived as the next interested party, despite Methven threatening legal action over claims negotiations with others were a breach of their exclusivity period.

On May 4, CEO Storrie told Charlton fans: “Things are ongoing. The original party, Marc Spiegel’s, is still ongoing. That may well conclude, but there are other parties that have shown an interest that Thomas is talking to.”

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