LONDON (AP) — Standard Liege owner Roland Duchatelet has completed the takeover of his fifth football club by buying English team Charlton.
The 67-year-old Duchatelet also owns Ujpest from Hungary, Carl-Zeiss Jena from Germany and Sint-Truiden from Belgium.
The Belgian entrepreneur's company, Staprix NV, will acquire 100 percent of Charlton's shares, subject to legal formalities.
Michael Slater, who leaves his post as Charlton chairman, says "in every important respect we leave the club in a far better state than when we took over three years ago, but now is the time to pass the baton to Roland who has a proven track record of success in business and football."
Charlton is 19th in England's second tier league, three points above the relegation places.