Mega wealthy Belgian businessman, Roland Duchatelet arrives at The Valley in January 2014 . His first action is to spend several hours discussing football and what resources are needed to drive Charlton back up the league, given that the club, although bottom of the Championship, having played all season on an unsuitable quagmire pitch are in the Quarter Finals of the FA Cup with 4 games in hand.
After the meeting with ex England international and successful,experienced manager, Powell, he immediately extends the contracts of Charlton’s best players, Kermogant , Stephens,Morrison, Solly and Hamer and rehires Peter Varney, the experienced and successful previous CEO to drive the club forward. At the same time, he commits to invest in a new pitch and a complete renovation of the clubs Sparrows Lane Training facility.
Duchatelet comments that with the nucleus of an excellent team already in place together with the talented youngsters coming through, Harriot, Cousins, Poyet and Gomez, further sensible investment in the team of around £10m should see the club challenging for promotion to the Premier League within 2 seasons.
In Season 2014/15, Charlton are promoted back to the Premier League led by Captain Kermogant and Duchatelet reaps the reward of £100-£150million in TV revenues per annum. Capacity crowds of 27,000 fill the Valley every week and Duchatelet authorises Peter Varney to progress the extension of the ground to a capacity of 35,000.
It wasn’t really very difficult was it ?
It would have been much cheaper than losing £8m a year for a decade which will be his outcome.