League One club Charlton Athletic have been taken over by businessmen Michael Slater and Tony Jimenez.
Slater and Jiminez’s company CAFC Holdings Limited took control of the club on Friday after purchasing it for an undisclosed amount, with lawyer and businessman Slater to become the club’s new chairman.
Jiminez will also sit on the board, along with outgoing chairman Richard Murray and former chief executive Peter Varney.
Charlton are currently third in League One after being relegated first from the Premier League in 2007 and then the Championship in 2009.
And while Slater said the takeover was good news for the club, he urged fans not to get ahead of themselves.
“We are delighted to have taken control of Charlton,” Slater told the club’s official website.
“The club has a long and proud history and has an incredibly loyal fanbase.”
“I’d like to pay tribute to Richard Murray, who took on a huge financial responsibility last summer when he saved the club from almost certain administration while he sought new investment.”
“Today’s acquisition brings much-needed financial stability to the club. Our plan is to run the club on a sensible financial footing and develop a commercial plan to ensure we make progress on and off the pitch to meet the expectation of the fans.”
“What we won’t do is create unrealistic pie-in-the-sky expectations.”
“We will always live within our means and, with a sound commercial approach and the run of the ball on the pitch, our aim is to make steady upward progress and bring success to The Valley.”
Charlton drew 1-1 with league-leaders Brighton at the Withdean Stadium on Wednesday and now trail their opponent by four points on the table, with Sheffield Wednesday in second place ahead of the Addicks on goal difference.