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Monday, November 9 - 2009

Zabeel to buy English football club

  • United Arab Emirates: Saturday, October 11 - 2008 at 09:30

Dubai's Zabeel Investments is looking to buy second tier English football club Charlton Athletic. The club, which is languishing mid-table in the English Championship despite pre-season expectations that it would be chasing promotion, said it has entered due diligence with Zabeel. The board has said that if an offer is made, it will recommend to shareholders that they accept. Zabeel was previously linked with a takeover of Premiership strugglers Newcastle, but Charlton would be a far cheaper option to buy.

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