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Charlton takeover: American billionaire submits fresh bid

A consortium involving American billionaire Joshua Friedman has submitted a new and improved £10.5m offer to buy Charlton, after the impending collapse of a rival US-led takeover.

Friedman is part of a group of Californian-based investors who, led by former Sunderland director Charlie Methven, initially tried to buy the League One outfit six months ago.

In December the takeover appeared to be progressing well when the prospective new owners appointed a new management team, consisting of technical director Andy Scott, chief operating officer Jim Rodwell, finance director Ed Warrick and men's first-team manager Dean Holden.

However, in early February the deal suddenly collapsed when Charlton owner Thomas Sandgaard ended talks, saying at the time that the group "didn't comply" with "very specific terms" and he would explore alternatives.

Scott, Rodwell and Warrick immediately left the club and Sandgaard proceeded to sign an exclusivity agreement with a rival American bid led by Marc Spiegel.

The Spiegel takeover was due to be completed over the weekend, but it's understood that deal is also now on the verge of falling through at the last minute, leaving the club's future again uncertain.

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