Sunderland news: Two consortiums interested in 50million deal to buy the club – reports

Sunderland news: Two consortiums interested in 50million deal to buy the club – reports
Two consortiums are interested in buying Sunderland, according to reports.The club’s hit Netflix series, which documented their relegation to League One last season, is believed to have caught the eye of investors.2

Sunderland appear to be on the up again

The Black Cats will be backed by almost 40,000 fans when they face Portsmouth in the Checkatrade Trophy final on Sunday, live on talkSPORT 2.The Sun report two groups, one European-based and the other American, are trying to buy the club from owner Stewart Donald for 50million.Donald paid 40million to complete a takeover at the Stadium of Light less than a year ago.Under his stewardship, Sunderland are fourth in League One with two games in hand on their promotion rivals.2

Sunderland are flying high in League One

It is thought that promotion to England’s second tier could push the club’s value to 70million.In November, Donald revealed he had rejected approaches from interested parties.He said: “We get approaches quite regularly with regards to people either trying to buy a part of the club or take control of it“These people wanted to acquire 60 per cent of the football club, I can tell you that. “It was a decent financial offer from people that were funded well enough but not, I think, a better option at this stage than Juan [Sartori] and I.“At this stage it wasn’t in Sunderland’s best interests to entertain even trying to progress that. “We said to the people involved ‘not at the moment, thank you.'”

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Donald has been struggling for extra finance needed to take Sunderland forward, and the latest deal from the Far East consortium values the club at around £54million. He is expected to stand down as the chairman after the takeover, to be replaced by the new group's main man, but he will get to keep around 25% interest in the club and make
Sunderland owner Stewart Donald to accept £27m offer from New

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Niall Quinn is now not understood to be interested in a Sunderland return, but is instead helping an Irish-based consortium in their attempts to buy the Wearside club. Reports had suggested that
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Sunderland news: Two consortiums interested in £50million

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Owner Donald to accept £27m from consortium to buy huge chunk of Sunderland see him keep an interest in the club of around 25 per cent. deal values Sunderland at around £54 million, a
Niall Quinn acting as an advisor for party interested in

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Winger rules out Sunderland return as Portsmouth reject £1.5m bid from Championship club, Coventry keen on Wolves forward while Peterborough target is offered new deal - League One and Two rumours
Owner Donald to accept £27m from consortium to buy huge chunk

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SUNDERLAND owner Stewart Donald is ready to accept a £27 million offer from a Far East group to buy a huge chunk of his majority stake. Donald originally turned down a sale to the consortium fronted by a New York financier and with money from Singapore and Malaysia.
Owner Donald to accept £27m from consortium to buy huge chunk

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Sunderland owner Stewart Donald to accept £27m offer from New York consortium to buy huge chunk of club. an interest in the club of around 25 per cent. deal values Sunderland at around £
Winger rules out Sunderland return as Portsmouth reject £1.5m

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Sunderland news: Two consortiums interested in £50million deal to buy the club - reports. Black Cats owner Stewart Donald only completed his takeover less than a year ago.
Two consortiums eye £50million Sunderland AFC takeover

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A consortium consisting of Chinese businessmen have been linked with a £50 million offer to buy Sunderland - despite current owner Stewart Donald denying a takeover is imminent.
Report: Stewart Donald to accept £27million offer from

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Sunderland AFC have been the interest of takeovers from two consortiums, according to reports. The Sun claim that two groups have shown an interest in taking control of the Black Cats, less than a
Report claims Asian consortium are considering £50 million