Dubai interest in Charlton

Updated 18.04 Fri Oct 10 2008

Charlton Athletic have received a takeover approach from a group of Dubai-based investors, it has been confirmed.

The Addicks currently lie 14th in the Coca-Cola Championship having been relegated from the Barclays Premier League in 2007.

They are the subject of an offer from Zabeel Investments, who were recently linked with buying Newcastle, meaning it could become the latest club in English football to move into foreign ownership.

Charlton confirmed in a statement that it will enter a period of due diligence with Zabeel, saying: "Should the offer be made formally to shareholders, the board would recommend shareholders to accept it.

"There is, however, no certainty that a formal offer will be made."