By Toby Miles For Mailonline
Published: 14:30 BST, 25 September 2020 | Updated: 14:37 BST, 25 September 2020
Charlton's ESI nightmare is finally over, with the Addicks confirming Thomas Sandgaard has acquired 100 per cent of the London club.
Lee Bowyer's side were relegated to League One last season amid chaos in the boardroom but Sandgaard is now looking to turn the tide - claiming he has already pumped in the money to secure Charlton's future.
Signing off an open letter published on the club's website as 'Proud Owner of CAFC' having passed the EFL's Owners and Directors test, the rock music fan was announced with shots of the Danish-born businessman playing the guitar.
Charlton can finally put their ownership struggles behind them after annoucing a new backer
The London club revealed Danish-born businessman and rock fanatic Thomas Sandgaard
Sandgaard's takeover is supported by Charlton fans and he has already pumped in funds
'While there was an injunction in place to prevent the acquisition of ESI, it did not prevent the acquisition of the club itself and so I am thrilled to announce that I have acquired the club from ESI,' Sandgaard said.
'With the club about to run out of funds this month,