The fan's organisation at Charlton Athletic Football Club has said the club's "very existence is under threat" as the EFL continues to investigate the ESI takeover in January.

The Charlton Athletic Supporters' Trust (CAST) has said in a statement that fans have saved the club before, and "are getting ready to do so again" as the investigation casts doubts over the club's ownership and future.

The club's majority shareholder Tahnoon Nimer has yet to satisfy the EFL's request for proof and source of funding, and on Tuesday an investigation was formally launched into misconduct.

Nimer's consortium bought the club from Roland Duchatelet in January for £1 with an agreement to pay a further £55m to purchase remaining assets including the stadium and training ground.

The owner, who ousted directors Matt Southall and Jonathon Heller in a dramatic civil war, says he intends to "co-operate fully" with the investigation, but large question marks still remain.

CAST, which was formed in December 2012 on the 20th anniversary of the clubs return to the Valley after "the exile years". said is actively working on the "constantly changing picture."

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In the statement, the supporters' trust said: "It looks like desperate times at Charlton, with the prospect of the club running out of money anytime soon.

"Once again, the very existence of Charlton Athletic Football Club is under threat.

"The EFL investigation into the takeover of the club by ESI poses both long and short-term risks to the operation of the club, the most obvious of which are potential EFL sanctions, and a lack of funds being injected into the club, leading to relegation at best, and liquidation at worst.

"Fans have saved the club before and are getting ready to do so again."

The EfL said it had "commenced formal investigations to ascertain whether breaches of EFL Regulations and/or other misconduct occurred in relation to the takeover of Charlton Athletic in January 2020.”

CAST is working aggressively to help resolve the situation, including contact local MP Matthew Pennycook and Greenwich Council.

The trust has also been in contact with Roland Duchatelet and the current owners about the situation, and have written to the EFL asking them to expedite a solution.

The statement finishes by saying that whilst there are currently bigger issues in the world, in football terms the trust is "fighting for out club."

"We have no intention of becoming this year’s Bury. Up the Addicks!"

The EFL has said it will be in contact with CAST, whilst Nimer stated that he was in dialogue with the EFL about the club's financial position.

Nimer said in a statement on Monday: "I can confirm I have received correspondence from the EFL and I have already provided an initial response, and I intend to co-operate fully with them in order to ensure clarity on this matter."

With the league currently suspended, Charlton currently sit in the relegation zone two points adrift from safety with nine games remaining.