MX23RW : Tuesday, May 7 16:37:50| >> :600:383461:383461:
General view of Stadium of Light

Sunderland

Stewart Donald consortium completes Sunderland takeover

By , Senior Reporter |
Donald consortium completes Sunderland deal
© SilverHub
A consortium led by Stewart Donald officially completes the takeover of Sunderland after the deal was ratified by the EFL.

New Sunderland owner Stewart Donald has said that the club are now 'debt-free' after a takeover was officially completed.

A deal to take over the reins from Ellis Short was announced last month, but Donald and his consortium needed to pass a number of tests with the EFL.

Those requirements have now been met, and Donald has revealed that the Black Cats - who will play in League One next season - can now move forward without any arrears.

At a press conference, Donald said: "We've given Ellis £40m, so that's the deal, and in return Ellis has tidied up his debt and that's now gone from the football club.

"Ellis was very clear he didn't want the debt, but we didn't want the debt either so we refused that. The reality is Sunderland is debt-free which, for the fans, is good news."

Donald also added that he hopes to announce a replacement for Chris Coleman within a week.

ID:326479: cacheID:326479:1false2false3false:QQ:: from db desktop :LenBod:restore:1868:
Restore Data
Share this article now:
Generic image of the Stadium of Light
Read Next:
Sunderland takeover close to completion
>
Read more about Stewart Donald Ellis Short Chris Coleman Football
rhs 2.0
Today's games header
> View full version> Yesterday's results
Tables header RHS
TeamPWDLFAGDPTS
CLeicester CityLeicester463141189414897
3Leeds UnitedLeeds462791081433890
4Southampton462691187632487
5West Bromwich AlbionWest Brom4621121370472375
6Norwich CityNorwich4621101579641573
7Hull City461913146860870
8Middlesbrough46209177162969
9Coventry CityCoventry4617131670591164
10Preston North EndPreston46189195667-1163
11Bristol City461711185351262
12Cardiff CityCardiff46195225370-1762
13Millwall461611194555-1059
14Swansea CitySwansea461512195965-657
15Watford461317166161056
16Sunderland46168225254-256
17Stoke CityStoke461511204960-1156
18Queens Park RangersQPR461511204758-1156
19Blackburn RoversBlackburn461411216074-1453
20Sheffield WednesdaySheff Weds46158234468-2453
21Plymouth ArgylePlymouth461312215970-1151
RBirmingham CityBirmingham461311225065-1550
RHuddersfield TownHuddersfield46918194877-2945
RRotherham UnitedRotherham46512293789-5227
> Championship Full Table


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!