20 Nov 2019

Sunderland takeover edges closer as American consortium registers new company

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The takeover of Sunderland is edging nearer after the American consortium in discussions with the League One team registered a brand new business .
“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 company that manages the funds of computer magnate Michael Dell and family.
Using Dell a property investor Robert Platek, John Phelan and uS-based trio Glenn Fuhrman is going to be the club hands owners.
Their long term plan is to return Sunderland though they’re aware this will take time.
Current proprietor Stewart Donald, that has been for 16 weeks at the helm, will keep a stake in the club and he and Charlie Methven will remain integral to its daily surgeries.
Donald, who purchased the League One club for just #40m, stated last month that the deal will be”hugely exciting”.
“We have got a preferred partner, somebody that we believe can really do what we’ve talked about performing and come with us to select the club into another level,” he said.
“I expect that we can get the bargain within the line because I believe that it’s a hugely exciting bargain for all the perfect reasons.”
A deal to market the club to another US-businessman, Mark Campbell fell through in July.
Sunderland are fourth in Sky Bet League One from their eight matches with four wins, three draws and a defeat.

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