Sunderland takeover edges closer as American consortium registers new company

Sunderland’s takeover is currently edging nearer after a new company was registered by the American consortium in talks with the League One club .
“FPP Sunderland Ltd” was set on Monday as a vehicle to facilitate the planned takeover from MSD Parners LP, a New York City-based investment firm that oversees the capital of computer magnate Michael Dell and loved ones.
US-based trio Glenn Fuhrman, John Phelan and Robert Platek is going to be the club control owners, with Dell a passive, minority investor.
Although they’re aware this will require time their long term plan is to reunite Sunderland to the Premier League.
Current proprietor Stewart Donald, who has just been for 16 months, will maintain a stake in the club and he and Charlie Methven will stay integral to its operations.
Donald, who bought the League One club for only #40m, said last month the deal will be”hugely exciting”.
“We have got a favorite partner, someone that we think can really do what we’ve talked about doing and come together to select the club to another level,” he explained.
“I expect that we are able to get the deal over the line because I believe that it’s a hugely exciting deal for all the perfect reasons.”
A deal to market the club into a Different US-businessman fell through in July.
Sunderland are fourth in Sky Bet League One with four wins, three draws and a defeat.

Read more here:

Leave a comment

Your email address will not be published. Required fields are marked *