20 Nov 2019

Sunderland takeover edges closer as American consortium registers new company

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The takeover of Sunderland is edging closer following the consortium in talks with the League One club registered a business with Companies House.
“FPP Sunderland Ltd” was set on Monday as a vehicle to facilitate the planned takeover by MSD Parners LP, a New York City-based investment firm that oversees the capital of computer magnate Michael Dell and family.
Using Dell a property investor Robert Platek, John Phelan and trio Glenn Fuhrman will be the club’s hands owners.
Their long term plan is to reunite Sunderland to the Premier League, although they’re conscious this will take some time.
Proprietor Stewart Donald, who has been at the helm for 16 weeks, will keep a stake in the club and he and Charlie Methven will probably stay integral to its day-to-day operations.
Donald, who bought the League One team for only #40m, said last month that the deal will be”hugely exciting”.
“We’ve got a favorite partner, someone that we believe can do what we’ve talked about performing and come with us to take the club to the next level,” he said.
“I hope that we may get the deal within the line because I believe it’s a hugely exciting deal for all the ideal reasons.”
A deal to sell the club to a Different US-businessman fell through in July.
Sunderland are now fourth at Sky Bet League One with a defeat, three draws and four wins in their eight games.

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