Who is Thomas Sandgaard Wikipedia Band Charlton New Owner

The Danish-American businessman completed his takeover of the club yesterday and looks set to take a hands-on approach to running the League One outfit.

The role of CEO has been vacant since Roland Duchatelet appointee Katrien Meire departed for Sheffield Wednesday towards the end of 2017. Matt Southall was designated as the executive chairman during his disastrous stint at the club following East Street Investment’s arrival at the start of 2020.

Who is Thomas Sandgaard Wikipedia
Charlton fans in attendance during the defeat by Doncaster(Getty Images)

Thomas Sandgaard acquires Charlton Athletic Football Club

Danish-American businessman, Thomas Sandgaard, is pleased to announce completion of his acquisition of 100% ownership of Charlton Athletic Football Club from East Street Investments Limited.

The completion of the acquisition follows the successful conclusion of the English Football League’s Owners’ and Directors’ Test in respect of Thomas Sandgaard, in accordance with the requirements of the EFL Regulations.

Sandgaard shared this about the acquisition: “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. With the club about to run out of funds this month, it was important that I moved quickly to complete the acquisition and put funds in to the club to ensure its survival. The club will also be working quickly post-completion to recover any losses suffered as a result of the actions of the previous owners to the extent possible. I am truly humbled by all the support from Charlton fans, honoured to officially become part of the Charlton family and be part of a team that will lead the club into a successful future. The Charlton community is one-of-a-kind. They welcomed and embraced this change of hands with more openness than many others would have given Charlton’s history.”

About his interest in English football Thomas said, ”I have always had two passions – rock music and football. I was a bit of a nerd when I was 13 so decided to go out and buy a guitar because I loved music and wanted to be one of the cool kids – and become a rock musician. I ultimately ended up playing in lots of rock bands in the seventies and early eighties. My love of football started when I played at an amateur level in Denmark and then really fell in love with the English game when I watched the FA Cup finals on Danish television in the 1970s. In the last few years, I’ve reached a point financially where I can really do something like this. Four months ago, a friend asked, ‘Have you thought about owning an English football club?’ And I thought, wow, that could be one of the most positive things that I could ever be a part of.”

About Thomas Sandgaard:

Thomas is an American citizen, entrepreneur, and inventor who was born in Denmark. He founded Zynex Inc. in 1996 after moving to the United States and currently serves as the Chairman, President, and CEO of Zynex Inc. Zynex Inc. is a publicly traded medical device manufacturer headquartered in Colorado and focuses on electrotherapy devices for use in pain management, physical rehabilitation, neurological diagnosis and cardiac monitoring.

Thomas is also the Founder and CEO of his private family office and investment firm, Sandgaard Capital, as well as the Sandgaard Foundation which are both based in Denver, Colorado. The Sandgaard Foundation supports efforts to decrease the habitual use of prescription pain medication, addiction prevention, as well as supporting victims and their families. The acquisition of Charlton Athletic Football Club has been made by his wholly-owned entity, Clear Ocean Capital Limited.

Before starting Zynex Inc., Thomas built and worked in recording studios and organised large venue concerts., but with an MBA and BSEE he decided to dedicate his time to his business career.

Sandgaard set for hands-on role at Charlton Athletic
New Charlton owner Thomas Sandgaard says he will install himself as CEO at The Valley.

The role of CEO has been vacant since Roland Duchatelet appointee Katrien Meire departed for Sheffield Wednesday towards the end of 2017. Matt Southall was designated as the executive chairman during his disastrous stint at the club following East Street Investment’s arrival at the start of 2020.

Sandgaard, who is based in the US, told BBC Radio London: “I’ve been looking at a lot of that leading up to this. Getting into it, getting to know it. What I’m seeing is that we have changed the byelaws so that there’s only one member of the board of directors to begin with. I will personally also get in and be the CEO.

“This is the kind of stuff I’m good at, regardless of industry. To come in and simplify things, see what’s really going on and what’s needed. You can probably just add one too many layers of delay and risk of miscommunication. I’ll be in there just trying to work with what we have. Slowly over the next many years, tweak things.

“It’s really just a matter of tweaking the dials to make sure that we remove bottlenecks and miscommunication and get the right kind of philosophy. That’s really my responsibility, to bring a culture that is really the type of culture that I represent. Bring that into the club and make sure we’re all moving in the right direction. This organisation, whether it’s the football side that’s led by Lee Bowyer and Steve Gallen, or if it’s the staff, if we are all running in the same direction we’re going to make miracles happen.

“I have a very clear strategy for how we’re going to get there. It’s going to take about 11, maybe 12 years to get to the point where we’re beginning to play European football. It’s not an overnight thing. And a very clear path in how to get there. The good thing is Lee Bowyer and I, we communicate really well. We are totally on the same page in terms of how to build the team from here to a Premier League level. That’s already out of the way.

“As I’ve mentioned before, the previous owners, obviously Roland Duchatelet had the financial means to invest in the club if he wanted to. He was involved in many other things, other football clubs. I think the strategy when he came to Charlton became a little diluted and muddied. In my case I would have the financial strength and I’ll make sure it’s 100 percent dedicated to building the club. It’s got a fantastic foundation.

“This is not too complicated, I’m not too worried. It’s about focusing on the club and making sure we listen to the fans. If there’s any club in England where the fanbase is very vocal and supportive behind the team in terms of numbers and how vocal they are, it’s Charlton. That’s amazing. We’ll make sure that we listen to the fans. We won’t ignore them. That might be one of the things that didn’t go well here in the past.”