“It's swollen up very, very quickly. Details of the takeover were leaked exclusively by Roker Report and A Love Supreme on the 22nd of August, and it’s understood that the due diligence process which has been ongoing since that day has now been completed, with the final touches being made before the deal can be officially confirmed as completed. The group of MSD partners can’t simply throw a host of executives into the SoL and expect financial returns. BBC Radio Newcastle’s Nick Barnes tweeted on Saturday evening: “I understand Sunderland AFC owner Stewart Donald has entered a period of exclusivity with a prospective buyer - I believe it's not Mark Campbell or William Storey- with a view to selling before the season starts. BBC Newcastle have reported that a Saudi-based consortium saw an offer rejected in April because Donald had already accepted an offer from a preferred bidder. Talking Points: Sunderland 1-0 Crewe - O’Nien the Chameleon! In Sunderland’s most recent financial accounts its directors described its biggest business risk as the club’s “continued absence from the Premier League” with directors saying they would need to restructure the squad to reduce its risk. Sunderland Takeover Latest William Storey Arrives in Sunderland. Newcastle takeover news LIVE - New contract to be offered to striker? The saga of William Storey and his proposed takeover of Sunderland Football Club continues. Promise of a new dawn? This firm deals with some of the world’s biggest brands - that experience and know how could well open a lot of doors for the club. Our. Throughout any claims that Donald has been complicated to negotiate with, Madrox have always said that they will only sell to the right people who they believe would take the club forward and not endanger the club’s long-term future. Storey went on to claim that he is being backed in his venture by four of the biggest businessmen in Europe. We’ll have the latest takeover developments throughout the day on our live Sunderland AFC blog. Clever acquisitions not only boost the club’s bank account, but also provide the money required for further investment if efficient management is in place to ensure income and expenditure is monitored wisely. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Another three points - job done! Investment in football clubs can be made in a number of ways. The club would take on the investment as a debt and would likely be made to pay interest back over a number of years. Furthermore, their global network and team of investors will stand the club in good stead moving forward. In 2017, Companies House reported that Storey had just £581 in the bank. Where that accepted offer currently stands is unknown, with Madrox - Donald’s holding company who own Sunderland AFC and all of its assets - admitting the global pandemic has slowed down the process of selling the club, while also confirming to Chronicle Live that conversations with interested parties 'remain ongoing’. “With the right plan, people, and funding, they have almost unlimited potential and there are very, very few clubs that any passionate football fans would get excited about but I think Sunderland are, to say the least, a sleeping giant.”. Sunderland are close to being taken over by American investors MSD Partners LP. Former Sunderland, Blackburn, Leeds, Wolves and Celtic star Michael Gray fronted a multi-million pound football club takeover despite being bankrupt.. … Sunderland takeover talks have taken a positive turn and it could grant fans the wish they have been hoping for since Christmas. The BBC are reporting that John Phelan, Glen Fuhrman, Rob Platek and Michael Dell are close to completing their takeover of Sunderland AFC. The group clearly like the proposition of investing in an English club with the aim of eventually being successful; that being said, make no mistakes, we aren’t being bought as a rich man’s plaything. And Parkinson is planning a gentle introduction for the squad – incorporating pre-season testing – before the intensity is ramped-up the following week, giving the Black Cats six weeks to prepare for the new campaign. Sunderland’s League One promotion rivals Charlton Athletic have received a major boost in their quest for promotion – having seen a takeover by … Phil Smith's Sunderland AFC player ratings: Who shone and struggled in the dominant Crewe win? Here’s how Jimmy Lowson rated the Lads out of ten. 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CJ. Phil Parkinson is planning to ease his Sunderland squad into their pre-season schedule when they return to the Academy of Light next week. You can unsubscribe at any time. You can listen for FREE on Acast, iTunes, Spotify, & YouTube - get stuck in! REVEALED: The REAL story of Sunderland's takeover - Stewart Donald and Charlie Methven used parachute payments to buy Black Cats with only … explains more about how we use your data, and your rights. It's really easy and only takes a few seconds. Finlay’s Report: Sunderland 1-0 Crewe - “Black Cats continue their sublime defensive form!”. Sunderland defender Jordan Willis was forced up through injury on Saturday, yet Parkinson hopes the injury isn’t serious. It was confirmed on Tuesday that Donald had sold his Bridle Insurance company to the Finch Group, perhaps indicating that the current majority owner is lessening his load in preparation for a more hands-on role with Sunderland.

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