SM
Denmark vs. Spain: 6 hrs 22 mins
Upcoming predictions and previews

Sunderland close to takeover by American consortium

:Headline: Sunderland close to takeover by American consortium: ID:368989: from db_amp
The Black Cats have been speaking to a number of potential investors in recent months.

Sunderland are hopeful of concluding a deal with American investors who are looking to stage a takeover.

Glenn Fuhrman, John Phelan and Robert Platek, principals at New York-based MSD Partners LP, are attempting to buy a controlling stake in the club.

The news has generated excitement on Wearside, with MSD responsible for managing the capital of computer entrepreneur Michael Dell and his family.

Dell, the founder of Dell Technologies, is ranked as one of the richest people in the world by Forbes, with a net fortune of around £28.6billion.

However, the PA news agency understands Dell would be a passive minority investor in support of his long-standing business partners.

Fuhrman and Phelan have worked together at MSD for 21 years, while Platek joined the company 17 years ago.

If a sale does go through, current chairman Stewart Donald, who has a 74 per cent stake in the club, and executive director Charlie Methven, who controls a further six per cent, would continue to play significant roles at the Stadium of Light. Uruguayan businessman Juan Sartori owns the remaining 20 per cent

Donald has been actively seeking inward investment at the club he bought from Ellis Short for £40million last summer.

Talks have been held with a series of potential buyers but, to date, none have managed to strike a deal.

The Black Cats are currently attempting to fight their way out of Sky Bet League One after missing out on promotion in the play-off final last season following back-to-back relegations.

amp_article__368989 : Database Data restored...  : 
last updated article - 2019-08-23 13:37:17:
html db last update - 2019-08-23 13:37:17 :

ex - 7200 : read : read cache amp html

Click here for more stories about Stewart Donald

Click here for more stories about Sunderland

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Sunderland1594225111431
2Sheffield UnitedSheff Utd1510321971231
3Leeds UnitedLeeds158522491529
4Burnley157621861227
5West Bromwich AlbionWest Brom15672169725
6Watford158162322125
7Middlesbrough157352317624
8Millwall156541813523
9Blackburn RoversBlackburn156451917222
10Bristol City155732019122
11Swansea CitySwansea155461110119
12Derby CountyDerby155461919019
13Stoke CityStoke155461819-119
14Norwich CityNorwich154652322118
15Sheffield WednesdaySheff Weds155371725-818
16Oxford UnitedOxford Utd154561718-117
17Coventry CityCoventry154472021-116
18Plymouth ArgylePlymouth154471526-1116
19Hull City153661620-415
20Preston North EndPreston153661523-815
21Luton TownLuton154381726-915
22Cardiff CityCardiff154381423-915
23Portsmouth152671628-1212
24Queens Park RangersQPR151771225-1310
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .