Simon Jordan sided with Charlton Athletic’s majority shareholder, Tahnoon Nimer, in his extraordinary row with club president Matt Southall.
With the Addicks struggling on the field, the championship club also fell into chaos behind the scenes this week over a public dispute between conference room figures.
Syrian businessman Tahnoon Nimer is the majority shareholder of East Street Investments. who bought Addicks from Roland Duchatelet in January, with former agent Matt Southall installed as executive president.
But, three months later, Nimer has now withdrawn financial support from Charlton after an astonishing episode with Southall, in which the two sides made a series of allegations about the conduct of each man.
Charlton announced on Tuesday that Nimer had resigned from his post as director after accusing Southall of having siphoned club money to “finance his lifestyle”, which the president flatly denied.
Southall then launched his own accusations at Nimer, claiming that the majority shareholder still had no proof of funds three months after his £ 50 million buyout and that he had not invested a single penny in the championship.
However, Nimer later insisted that he will not leave the club and will resume financial support for Charlton once Southall leaves and a replacement president is appointed.
The circus of the past few days has left supporters in a state of total bewilderment and new concern about the future of their club, having believed that the worst was behind them after the departure of Duchatelet.
But Jordan assured fans that he saw no reason to worry about the club’s immediate future, other than their fight to stay in the championship.
The former owner of Crystal Palace joined talkSPORT to give his verdict on the utter chaos in the valley, and said he was more likely to believe majority shareholder Nimer than former agent Southall.
“I look at this and say,” I don’t like what comes out of this president’s mouth, “” he told talkSPORT host Natalie Sawyer.
“Whether he is a paid employee of Charlton Athletic or a dominant influence, the finances behind the acquisition of Charlton are with the majority shareholder that I suspect.
“The idea that this guy did not put any money, if this club was bought from Roland Duchatelet for the best part of 50 million pounds sterling, somebody made checks and I am ready to bet that it’s not Matt Southall.
“I don’t want to go into the story of my predilection not to like football agents, but it is his experience and most football agents put themselves between the wall and the wallpaper and certainly do not reach out near their pockets.
“The idea that this has been erased in the public domain and some of the internal disputes that are clearly a difference of opinion, clearly a difference in perspective, clearly a difference in positioning.
“Nimer has experience, significant experience and understands the sports environment. If you look at his CV, he’s not an idiot. He is not someone who does not understand the value and meaning of money.
“This resignation from the post of director is fortuitous. If he is the majority shareholder, he is the dominant influence behind this company. This president is employed by this football club, and will receive a salary from this club and I suspect, despite the fact that he might have some validity in some of his views, i am not entirely sure of some of the things he said he should say, and are in the welfare of the club at the ‘to come up.
“The idea that this guy [Nimer] having no proof of his source of income is different from saying he doesn’t have the money in the first place. Steve Dale at Bury, who is the red light, did not prove his earnings and then put them into oblivion.
“This guy wrote checks, as far as I can tell, to buy a football club for £ 50 million, so he clearly has the means. Dale at Bury had no means, he went just got into debt and made Bury run to the ground because he didn’t want to put his hand near his pocket.
“The dynamics of what is happening here worries me because I do not like the story, I do not like what is said.
“If you don’t like what someone does in a football club, you have the right, as the majority shareholder, to turn around and say,” I don’t like what you do, I don’t like what you “I say I don’t like what you represent”.
“It’s not defamation, it’s called opinion. And, there are a lot of inconsistencies with what Southall said.”
In his statement on Monday, Southall also said he was “disappointed” that Nimer is also trying to buy the Romanian Dinamo Bucharest outfit, rather than focusing on Charlton and the rescue attempt this season.
But Jordan explained why their owner buying a second club could actually be great news for the club.
He added, “The fact that this guy is buying Dinamo Bucharest – what does that have to do with the price of cheese?”
“The Pozzos own Watford and Udinese, the owners of Tottenham, ENIC, once owned a series of other football clubs – that has nothing to do with it.
“In fact, if you have other football clubs, it shows your commitment to the sport and it could bring a series of relationships that could move the club forward.
“The problem with Charlton is that they will be relegated unless they remove their finger.”
Listen to a sample of Simon Jordan on full talkSPORT above