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Post by rugbytoffee on Aug 23, 2019 17:37:26 GMT
Sunderland are on the verge of a exciting new era at the club, with MSD Partners close to a takeover.
The trio of John Phelan, Glenn Fuhrman and Rob Platek have agreed to buy a majority stake in ths club, with partner Michael Dell also believed to be involved in a supporting capacity.
There are still legal stages to complete, and approval from EFL to come, but a change of ownership could come in a matter of weeks.
The news has raised plenty of questions, of course, over what the new investment will mean, what form it will take, and the future roles of Stewart Donald and Charlie Methven.
Here, Craig Johns and Business Live's Jonathon Manning answer some of the key issues.
Everything is agreed, there is just one or two legal hurdles to cross and then the EFL tests.
The hope is that it should be all signed, sealed and delivered within a matter of weeks, certainly before the end of September.
Of course, it does mean they’ll miss the end of the transfer window, but their plan isn’t to throw millions of pounds into transfer recruitment at this stage, while Jack Ross, once there’s two new defensive additions, is happy with the squad he has.
The plan is for Stewart Donald to stay involved at the club, as will Charlie Methven.
Donald has been open and honest since seeking new investment for the club that he wanted to stay involved, and that will be the case.
Our sources tell us that the new owners want to retain Donald and Methven, who they say ‘will remain integral to its operations.’
It sounds very much like Donald will continue with the day-to-day running of the club, he will remain a minority shareholder and continue to sit on the board
From a buyers point of view now is a great time to buy Sunderland. It still remains a big name in the world of football but its standing in League One means its value will have plummeted.
If handled well it will only take a minimum of investment to bring the team back up into the Championship
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