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Most users ever online was 328 on 2012-09-14, 11:57 am

Buyer update

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Buyer update

Post  cyprussyd on 2017-06-17, 10:10 pm

Sunderland owner Ellis Short will sell the club for a cut-price of £85million after relegation

Black Cats owner held a meeting with German bidders who are battling with a US consortium for the club

By Alan Nixon
17th June 2017, 9:57 pm

ELLIS SHORT will take a cut-price £85million to sell Sunderland — as a German group fights a US consortium for the club.
Black Cats owner Short held meetings with the mystery German bidders in London this week.


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Ellis Short is willing to sell Sunderland for £85million
The businessman is willing to flog Sunderland after relegation, but the Germans are only offering £50m.








Short will give both potential buyers until the end of the month to do a deal, or he will stay.
He has also told chief executive Martin Bain to provide a list of candidates for the vacant manager’s post, regardless of the uncertainty over the club’s ownership.
But money is proving a big problem. David Moyes wanted £50m to be spent before deciding to quit.



Ellis Short has set both potential buyers a deadline

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PA:PRESS ASSOCIATION
5
Following relegation the Black Cats owner is open to selling

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David Moyes quit Sunderland at the end of the season following relegation
Derek McInnes was happy to work with £20m, but opted to stay at Aberdeen when that figure was LOWERED last week.
The sale of keeper Jordan Pickford to Everton brings in £20m, with the rest in extras. But Short wants that cash to pay off debts.

So the next boss will have to work with just £15m to spend on new talent, despite a small squad in need of drastic improvement.
The German group is proposing an even SMALLER budget than Short, a fact that is sure to concern long-suffering fans.
Bain is under pressure after the embarrassing failure to get McInnes.
Preston’s Simon Grayson and Barnsley boss Paul Heckingbottom are in the frame.

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Re: Buyer update

Post  cretanmakem on 2017-06-18, 4:18 am

Frying pan / fire springs to mind here . Better the devil you know ? I don't think so . 
Short OUT , then lets see what happens , I do not believe someone forks out 85 mil then does nothing to protect their investment .
Some comments just leave me flabbergasted , new owners will want a speedy return to the premier and 15 mil will not do anything to build on an exceptionally piss poor squad .

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Re: Buyer update

Post  cyprussyd on 2017-06-18, 9:01 am

Well if this report is true, massive if there, in 18 days we will know who takes us forward in the owner's chair.

One of the problems last season was Moyes not having time for pre season, you would think clever men would learn lessons.

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Re: Buyer update

Post  Rovertsafc on 2017-06-18, 10:15 am


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[You must be registered and logged in to see this image.]  [You must be registered and logged in to see this link.] Today at 9:10 pm
So the rumours are starting to unfold about who are to be our new owners.
The main contenders are The Deutsche Bank,followed by an American consortium.
It has also gone from one consortium to several according to the Guardian.
What makes me laugh is that the media are saying that the new manager will have only 15 million to spend,yet the media haven't got a clue who the consortium's are.
So how on earth do they come out with these ridiculous stories beggars belief.
So I'm going to put my penneth worth In.
We are getting billionaire investers who are going to wipe out the debt.
The new manager will have 100 million to build the squad.
And the new manager is going to be Pep Guardiola.
And that folks is how the media invent stories,no investigative journalism required.
And we all tend to take the bait(even me)
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[You must be registered and logged in to see this image.]  [You must be registered and logged in to see this link.] Today at 9:11 pm
Oh and apparently Short has dropped his asking price
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