Jan 3, 2014, 5:20 PM EST
Belgian businessman and political ideologist Roland Duchatelet has completed a full takeover of Championship team Charlton Athletic.
Duchatelet’s company Staprix NV will acquire 100% of the club’s shares, pending the completion of legal formalities according to the club.
There will be a bit of turnover on the board, with outgoing chairman Michael Slater as well as fellow directors Tony Jimenez and Martin Prothero stepping down.
Charlton will return former chairman Richard Murray as non-executive chairman.
Duchatelet (pictured, right, in 2012 with then-recent managerial hire Ron Jans) is also the sole owner of Belgian Pro League powerhouse Standard Liege.
Slater and Jiminez were the official owners of Charlton, but it was thought that Mayfair property developer Kevin Cash was the one to fund the club, and he was rumored to want out. In addition, Jiminez was ordered to repay Denis Wise, a former Newcastle colleague, £500,000 ($820,500) by court order.
The completion of the takeover comes after the collapse of American Josh Harris’s attempt to do the same. Harris is the current owner of the Philadelphia 76ers and New Jersey Devils.
Charlton currently sit in 19th in the Championship table, 3 points above the relegation zone.
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