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20 Nov 2019

Sunderland takeover edges closer as American consortium registers new company

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Sunderland’s takeover is edging nearer after the consortium in discussions with the League One club registered a company with Companies House.
“FPP Sunderland Ltd” was set on Monday as a vehicle to facilitate the proposed takeover by MSD Parners LP, a New York City-based investment firm that oversees the funds of computer magnate Michael Dell and family.
Together with Dell a passive, minority investor Robert Platek, John Phelan and trio Glenn Fuhrman is going to be the club hands owners.
Even though they’re conscious this will require time their long term plan is to reunite Sunderland to the Premier League.
Current proprietor Stewart Donald, who has been for 16 months at the helm, will maintain a stake in the club and he and Charlie Methven will remain integral to the daily operations.
Donald, who purchased the League One club for just #40m, said last month that the agreement will be”hugely exciting”.
“We have got a preferred partner, somebody that we believe can really do what we’ve talked about doing and come together to select the club into another level,” he said.
“I hope that we can get the deal over the line because I believe it’s a hugely exciting deal for all the appropriate reasons.”
A deal to market the club into another US-businessman fell through in July.
Sunderland are fourth at Sky Bet League One in their opening eight games with four wins, three draws and a defeat.

Read more here: http://www.aquihaylibros.com/blog/?p=7127

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