Charlton owner Thomas Sandgaard has moved onto a new potential buyer as talks continue for him to sell the club.

According to The Athletic, he is now discussing the sale with American businessman Marc Spiegel, despite the threat of legal action from a consortium led by former Sunderland director Charlie Methven, who had a deal agreed since December.  

This consortium was left confused when Sandgaard pulled out of the deal - that was believed to be worth £8.5 million - and have claimed that no reasons were given for the U-turn.


The consortium say they had already paid a deposit, but according to the Charlton's Danish owner: “There were some very specific terms that were very clear at the end of January and coming into February that they didn’t comply with.”

Marc Spiegel is the founder of Rubicon, a digital waste and recycling solutions company, and seems to be willing to pay more than the £8.5 million which was previously agreed.

If the takeover is successful, Spiegel would be made club CFO. Meanwhile Peter Storrie, who was formerly at West Ham and Portsmouth, would be brought into the club as CEO and Jon Smith as technical director.

This is not likely to be the end of the saga, as a response is expected from the group who had initially agreed a deal.

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The group said in a statement: “Our group refutes Thomas Sandgaard’s claim last Friday February 10 that we are in breach of the signed agreement to buy Clear Ocean Capital, the holding company of Charlton Athletic.

“We were expecting to complete the deal last Thursday February 9: a substantial deposit had been paid, the agreed purchase price had not changed, the money required was in the relevant bank accounts and Owners and Directors Test applications had been lodged with the EFL.”

Time will tell, but fans will be getting increasingly agitated as this carries on, especially with crunch League One matches on the horizon, starting with Forest Green Rovers tonight (February 14).