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.
- Despite their struggles, Liverpool’s season intact as spirit shines through 3
- Champions League roundup: Arsenal, Atletico Madrid through, tense elsewhere 2
- Ludogorets 2-2 Liverpool: Late equalizer spells more misery for Reds, but there’s hope 0
- Men in Blazers podcast: Kyle Martino joins to talk Thanksgiving and tie knots 0
- Champions League Wednesday preview: Arsenal can advance, Liverpool need kick-start 1
- Jose Mourinho to Schalke after Chelsea’s 5-0 win: “It’s not your fault” 1