Tue May 26, 2020 9:26 am
JENKINS: CHARLTON TAKEOVER BID 'IN THE BALANCE'
Tuesday 26th May 2020
Huw Jenkins says an exclusivity period he had been given to complete a deal for Charlton Athletic has expired, and his bid to buy the club now hangs "in the balance".
Jenkins knows of three or four other interested parties who are in discussions with owner Tahnoon Nimer to buy the Championship club. One of them is former Watford owner Laurence Bassini, who sent his proof of funds to the club on Saturday night having decided to proceed with his own takeover bid.
Jenkins was chairman of Swansea for 17 years, during which time he led the club from the fourth tier of English football all the way up to the Premier League.
Five weeks of discussions with Charlton were concluded in the middle of last week when a provisional deal was struck to buy the club for £1m. However, a 48-hour period for him to complete the deal has expired, opening the door to other interested parties.
"It puts it very much in the balance and I'm led to believe there are a few very keen interested parties to do a deal," Jenkins exclusively told Sky Sports News. "It's not down to me fully, it's down to the current owners and their need to quickly do a deal. Personally, I need more time to be clear and just move forward cautiously to make sure things are right for myself. The other side I'm not in control of, the need of the current owners and the timescale they need to operate in."