Sunderland takeover edges closer as American consortium registers new company
Sunderland’s takeover is currently edging closer following the consortium in talks with the League One club registered a company .
“FPP Sunderland Ltd” was lodged on Monday as a vehicle to facilitate the proposed takeover from MSD Parners LP, a New York City-based investment company that oversees the funds of computer magnate Michael Dell and family.
With Dell a minority investor trio Glenn Fuhrman, John Phelan and Robert Platek will be the club’s hands owners.
Their long-term plan is to return Sunderland into the Premier League, even though they’re conscious this will require some time.
Owner Stewart Donald, that has just been for 16 weeks, will keep a stake at the club and he and Charlie Methven will remain integral to its operations.
Donald, who purchased the League One team for only #40m, said last month that the bargain is”hugely exciting”.
“We have got a favorite partner, someone that we think can do what we’ve talked about doing and come with us to take the club to another level,” he explained.
“I expect that we may find the bargain within the line because I think it’s a hugely exciting bargain for all of the right reasons.”
A deal to market the club into another US-businessman fell through in July.
Sunderland are currently fourth in Sky Bet League One with four wins, three draws and a defeat in their introduction eight matches.