Charlton Athletic directors invest in training ground

27 September 2009 | By Adam Fraser

Contract summary

Length of contract: n/a
Annualised value: n/a
Overall value: US$11.2 million

Charlton Athletic, the English soccer club, has received an US$11.2 million investment from seven of its directors, with US$2.4 million earmarked for the purchase of the club's training ground.

PLC members Sir Maurice Hatter, Derek Chappell, Robert Whitehand, David Sumners, and David White, along with chairman Richard Murray and football company director David Hughes, have combined to fund the investment, which is aimed at seeing the club bounce back from English soccer's third tier into the Championship at the first attempt.

Charlton, relegated last season, won six and drew two of their opening eight games in the third tier to climb to second in the table.

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