Charlton Athletic ownership row rumbles on as Paul Elliott says he owns club but Thomas Sandgaard insists his deal is watertight

The saga over Charlton Athletic’s ownership continues as Thomas Sandgaard has again rebuffed claims that Paul Elliott made to talkSPORT on Wednesday.
After various ownership wrangles, the turmoil at the League One club appeared to be over when Danish/American businessman Sandgaard completed his takeover in September.
Sandgaard, a rock-music loving millionaire, posted this picture on social media after completing his takeover of Charlton
The club have become more stable under Sandgaard, manager Lee Bowyer has been backed with several impressive signings, and experienced staff have been installed behind the scenes.
But just as the Addicks – unbeaten in seven games – look to be on an upward trajectory, issues have again arisen around their ownership.
Manchester-based businessman Elliott is disputing the recent takeover, claiming the previous owners, East Street Investments (ESI), had no authority to sell up without his say so.
ESI had initially been sold to a consortium led by Elliott in June but, after he failed the EFL’s owners’ and directors’ test, Sandgaard assumed control of the club.
On Wednesday, talkSPORT heard from both men.
Elliott claimed he had the backing of the courts in his bid to regain control of Charlton, telling White and Jordan: “The court has made an order. It’s been sealed, which clearly states that is simply not the case [that Sandgaard is owner] anymore. We’ve got the weight of the High Court on our back and that’s what I’ve got behind me.
“I also invested considerable funds into the club when it needed it and lets be straight with that, when it was owned by Tahnoon, I’ve got text messages saying that if a deal wasn’t done he wasn’t putting a penny into the club and he would let it go bankrupt.
“He’s out there, he makes a lot of talk on social media, etc and does cheap tricks and make sound bites about what he’s going to do and gets the fans on board and on his side by doing cheap tricks and cheap stunts.
“All I’ve ever done is sat by what I’ve said. I’ve put my money where my mouth was, invested it in the club.
“After the bad news of the relegation, it was always our view of getting back to the Championship and fighting our way back up to where we all want to be in the Premier League. I’ve never come up with false promises, lies or cheap tricks of promises the fans what they want to hear.
“I’m a man of my word and I don’t want to make comments – and I’ve left it that way.”
Sandgaard has been working hard to transform Charlton, but previous owner Elliott is refusing to go awayGetty Images – Getty
Elliott claims he wants to sit down with Sandgaard and resolve the issue, but the Dane insists there is nothing to discuss.
He also joined talkSPORT, later on Wednesday, and dismissed Elliott’s version of the situation, insisting his ownership of Charlton Athletic is watertight.
He told White and Jordan: “Obviously Elliott and [lawyer] Chris Farnell have a dispute with ESI and over the ownership of ESI. The ownership of Charlton Athletic is not in question. That is all legal watertight but I’m sure they have a legal battle there with ESI.
“I don’t think there will be a whole lot of money to fight over but that’s where the fight is, not over Charlton. In the context of all the demands we’ve seen from Chris Farnell and all kinds of things we are seeing, my attorneys are trying to sort out.
“I started off putting in £12million and that is sitting in the club’s bank account right now. I’m losing, with COVID we don’t have the ticket sales we’d normally have, so I’m losing £1million a month right now.
“On top of that you wouldn’t believe how much money I’m spending and my time on attorneys in fighting all the weird things that come out of the woodwork.
“Nearly all of it seem to be associated with the friends and family of the previous owners.”
Sandgaard, meanwhile, has aimed at cheeky dig at the previous owners by making one of the club’s company Range Rovers as a prize in a competition for fans to win before Christmas.
The Addicks are understood to have acquired a fleet of top-of-the-range vehicles while under the ESI ownership, with the club billed for the costs.
They have since been reclaimed by Sandgaard and he is giving away the one that he claims was previously in lawyer Chris Farnell’s possession, said to be valued at £90,000.
The Charlton owner added: “These Range Rovers that is now left, it happens to be the one driven by Chris Farnell, that’s now in a competition for fans. You just have to buy a Valley Pass for the live stream. It could be a great Christmas gift.”

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Charlton’s new owner @SandgaardThomas has put one of the now-infamous club Range Rovers up for grabs as part of a campaign to highlight the importance for change in regulations around owning a football club. #cafc
— Charlton Athletic FC (@CAFCofficial) November 18, 2020

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