Funding fear over Charlton civil war
THE Football League has stepped into the boardroom civil war at Charlton – and revealed there is no proof of funds being available for next season.
Fans fear the Championship club will be ripped apart by the bitter public dispute between majority shareholder Tahnoon Nimer and executive chairman Matt Southall.
Charlton claimed yesterday Nimer had resigned with immediate effect, but the Syrian businessman insisted he will continue as director – although will suspend his financial backing until Southall is replaced.
An EFL statement expressed dismay at the “unhelpful” sniping between the pair and confirmed a transfer embargo had been imposed.
It had “made clear the requirements in respect to the source and sufficiency of funding necessary to fund the club until June 2021. Those matters remain outstanding.
“As a result of not receiving the required information, the club was placed under a registration embargo and that position remains as the EFL seeks assurances the necessary funds are available and for that funding to be placed in the club.”
The dispute spilled out to social media on Monday with a series of claims on Nimer’s Instagram account about why he was withdrawing his investment.
He later deleted the posts, while Southall issued a statement claiming Nimer failed to invest “a single penny of the promised funds” since January.
“Following the events of 9 March, his position is now untenable and the board has no option but to accept his resignation,” Southall said yesterday.
Yet in a further post, Nimer said steps would be taken to “appoint a new chairman to lead the club”.