Former Swansea City chairman Huw Jenkins reveals Charlton takeover stance with deal 'in the balance'

Jenkins spent 17 years at the helm in SA1 but left last season following a frantic transfer window

Former Swansea City chairman Huw Jenkins says his proposed takeover of Charlton is "in the balance".

It emerged over the weekend that the ex-Liberty chief was aiming to get back into football by launching a takeover at The Valley.

Jenkins has been out of the game since he left Swansea after last January's transfer window.

National reports stated that a deal for the London club was said to be just days away, but it has now emerged that a 48-hour period for him to complete the deal has expired, opening the door to other interested parties, of which there are three or four, according to Jenkins.

"It puts it very much in the balance and I'm led to believe there are a few very keen interested parties to do a deal," Jenkins told Sky Sports News.

"It's not down to me fully, it's down to the current owners and their need to quickly do a deal.

"Personally, I need more time to be clear and just move forward cautiously to make sure things are right for myself. The other side I'm not in control of, the need of the current owners and the timescale they need to operate in."

Former Watford owner Laurence Bassini has made his intentions clear, sending his proof of funds to the club on Saturday night, according to Sky Sports.

Owner Tahnoon Nimer has been trying to sell the club for some time, with Jenkins acknowledging that deals of this type are difficult to conclude, with issues including the ownership of the stadium and training ground, currently owned by former owner Roland Duchatelet.

"Charlton do have a number of things attached to the club with the current owners, past directors, and past owner, and all of those things still have a link to the club and cause a lot of uncertainty," he added.

"I was fully aware that there were big challenges ahead to try to correct all of that and bring it back under one leadership.

"For Charlton at the minute, with those three or four different things that could potentially impact on the field it can be a big hindrance, and the quicker all those things are resolved, as I said, under one leadership then that will be a good thing for the future."

The Addicks' perilous position at the wrong end of the Championship and the current coronavius pandemic have not deterred Jenkins, who feels that the time is right to return to football should the terms be agreeable to him.

"They know where I stand," he added. "I can only do things I feel is right for myself, I am not going to jump in with both feet and hope for the best.

"It needs to be thought out properly with a plan in place and some written assurances where the EFL is going over the next weeks and months. Until those things are clear it's very difficult to predict the future."