Takeover close, perhaps ?

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The fact that there's two separate bids is great as they will hopefully be vying against eachother.

Might actually mean that we can appoint a manager and get some transfer business done sooner rather than later.

I'm leaning towards the German consortium for no reason whatsoever.

Me too, but I have a reason.

I've nothing against Tony Adams, but I would be worried if he wanted to follow the example of his friend Niall, and take the Managers job.
Good as he was a leader on the pitch, his record as a Manager is not great.
 
Me too, but I have a reason.

I've nothing against Tony Adams, but I would be worried if he wanted to follow the example of his friend Niall, and take the Managers job.
Good as he was a leader on the pitch, his record as a Manager is not great.

That's a polite way of putting it, bloody awful would be more accurate.
 
A £100m takeover deal for Sunderland could be agreed in principle by the end of this week, Sky sources understand.

Two rival bids, one from Germany and a second, a multi-national consortium, led by a group of Sunderland fans and financed in part with American money, are working night-and-day to reach an agreement with present owner Ellis Short.

Short is keen to sell, with an initial asking price of around £90m, rising significantly if the club wins promotion back to the Premier League in the next few seasons

Short met representatives from both rival bids in London last week and we understand that the German bid remains the favourite to agree a deal with the 56-year-old American.

Sky sources understand that a further two bidding groups are interested in purchasing the club. However, the complex nature of the deal means that both are unlikely to conclude the due diligence process in time.

While the Germans remain favourites to take a controlling stake in the club, a highly credible bid from a group of wealthy Sunderland fans is also at an advanced stage.

Gabe Turner, Ben Turner and Leo Pearlman from the television production company Fulwell 73 have joined forces with Tony Adams and the former Chelsea chief executive Paul Smith to launch the rival bid.

Fulwell refers to one of the old stands at Sunderland's former home, Roker Park. The 73, refers to the year they won the FA Cup 1-0 against Leeds United, with a goal from Ian Porterfield.

We understand that both bidders are keen to conclude business quickly. The club is without a manager and players are due to return to training in the next few weeks.

Sunderland enjoy a huge fan base, a modern stadium and some of the best training facilities in the country. Despite their relegation at the end of the season, the club are set to receive more than £90m in parachute payments from the Premier League.

Short bought the club from the Drumaville consortium back in 2008 for a reported £90m. Since then he has invested around £200m into the club.
ell for me an owner with an emotional attachment to Sunderland is the way to go not an owner who sees us as a business opportunity. Mind if it is the '73 Group I'm not keen on Tony Adams who they want but :emoticon-0112-wonde :emoticon-0112-wonde I was keen on MON - so there you go - have faith in the owners and :emoticon-0167-beer: :emoticon-0162-coffe<bubbly> :emoticon-0168-drink- its never dull or predictable supporting us <doh>
 
Can't imagine he's any good at either.


He is an ideal person to lecture the youngsters on the evils of (too much) drink.

He seem to do a lot of good work to help those addicted and in this field he has an excellent track record.

But he isn't a Manager.

As far as I've read the 'Local Lads' will get backing from contacts in The US of A, so whichever wins out they will presumably be expecting, at worst, not to make a loss.

I wish them luck if that's the case.

My 'rough estimates' ---
£100mil - to Ellis.
£100mil - To the Bank or as guarantees.
£100mil to get a team together to mount a realistic promotion challenge. (this in addition to the parachute payment due).
£200mil to be set aside to build a team following promotion.

Add in say 20% pa for inflation in players wages and transfer fee's.

And I think I may have been too conservative with those figures.

It seems to me that the only thing dafter than being a Sunderland Fan would be being a Sunderland owner!.


Whoever win's, I wonder if there's any chance of them tempting Sam out of his 'retirement'.
Perhaps they already have.:emoticon-0130-devil
 
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LEO PEARLMAN, BEN TURNER AND GABE TURNER OF FULWELL 73 HAVE SENT ALS THE FOLLOWING EXCLUSIVE STATEMENT TO RELEASE TO THE FANS…
“As life-long Sunderland supporters, it would be the fulfilment of a dream to be involved in the ownership of the club, to put it back into the hands of the fans and to give the whole of Wearside a team to be proud of. Our club is the biggest in the North East, should be one of the biggest in the country and the Premier League is therefore the only place it belongs. We have been so touched and inspired by the reaction from our fellow supporters, who rightly deserve their reputation as the best fans in the world. However, due to our other TV and film commitments, now isn't the right time for us to get involved. It's where our hearts are and would demand a huge personal commitment, and we wouldn't want to give anything less than our all to the club. We owe that to all the other fans for whom, like us, SAFC is such an integral part of their histories and future. Whether it is Mr Short who remains in control or new owners who come in, we will always support the lads and offer any assistance, at any level, in helping to re-establish this great club at the level it deserves to be‎”
 
Hopefully the fan consortium dropping out means the Germans have it signed sealed and delivered!!

Not holding my breath though!
 
That's a bullshit statement. Talking about not being able to give their total commitment to the club. Are we supposed to believe it just suddenly dawned on them that they'd need to give full commitment to a huge football club they were buying?

I honestly think it was always just a pipe dream, they'd never realistically had the funds to take on such a job, but it got them good exposure and a big ego trip.
 
That's a bullshit statement. Talking about not being able to give their total commitment to the club. Are we supposed to believe it just suddenly dawned on them that they'd need to give full commitment to a huge football club they were buying?

I honestly think it was always just a pipe dream, they'd never realistically had the funds to take on such a job, but it got them good exposure and a big ego trip.

I liked Nachos idea better.

They`re out of it now so I suppose it don`t matter really. Looks like it`s the Jormans or nowt then