In RFC1459 it says:
"Channels names are strings (beginning with a '&' or '#' character) of length up to 200 characters. Apart from the the requirement that the first character being either '&' or '#'; the only restriction on a channel name is that it may not contain any spaces (' '), a control G (^G or ASCII 7), or a comma (',' which is used as a list item separator by the protocol)."