Dubai Group May Take Over Charlton

London, England (AHN) - Charlton Athletic caught the attention of Zabeel Investments, a Dubai-based diversified investment group, and a possible takeover of the club could happen anytime soon.

In a statement on their website Friday, Charlton said that the Dubai-based investors have tendered an undisclosed "indicative cash offer" subject to board approval.

Last year, take over talks with a group of businessmen from the Middle East and Europe bogged down with the bid offer reaching around ?50 million.

The Dubai consortium previously attempted to buy Liverpool and more recently, signified intentions of acquiring Newcastle United, but the talks broke down over the club's asking price.

Zabeel is reportedly controlled by Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum, son of the state's ruler, Sheikh Mohammed bin Rashid Al-Maktoum.