MX23RW : Tuesday, March 11 18:28:09| >> :120:8873:8873:
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:
Written by
Darren Plant 
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
1Leeds UnitedLeeds362210472234976
2Sheffield UnitedSheff Utd36246651272476
3Burnley362014249103974
4Sunderland361911654332168
5Coventry CityCoventry36168125246656
6West Bromwich AlbionWest Brom361316746321455
7Bristol City36131494639753
8Blackburn RoversBlackburn36157144137452
9Middlesbrough36148145547850
10Norwich CityNorwich361213115749849
11Watford36147154650-449
12Millwall361212123637-148
13Sheffield WednesdaySheff Weds36139145056-648
14Queens Park RangersQPR361111144146-544
15Swansea CitySwansea36128163846-844
16Preston North EndPreston36916113642-643
17Portsmouth36119164457-1342
18Oxford UnitedOxford Utd36912153753-1639
19Hull City36910173645-937
20Stoke CityStoke36812163650-1436
21Cardiff CityCardiff36812163959-2036
22Derby CountyDerby3688203549-1432
23Luton TownLuton3687213259-2731
24Plymouth ArgylePlymouth36612183673-3730
> 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!