BREAKING NEWS:
EFL Championship ;
Chris club Sunderland AFC may just of found their knight in shining armour as reports are filtering in Virgin Group billionaire Sir Richard Branson's advisors are currently in negotiations with club owner Ellis Short over a proposed take over.
It's our understanding the deal will go through for just £1 providing both parties reach an agreement over the club's crippling financial debts that stand at a whopping £140M.
Virgin want the debt reduced to half that amount for a deal to be concluded (£70M) so its now upto Short if he wants a quick sale to accept.
Our correspondent has already said heavy squad investment coupled with a new naming of the Stadium of Light are in the pipeline and it will become the 'Virgin Media Arena'
Also close personal friend Harry Redknapp would be immediately installed as Director of Football in a bid to keep the club in the championship and make an all out assault on the title next season with promotion to the premier league a must.
Its no secret Mr Branson was looking at purchasing Norfolk outfit Norwich City FC but both parties were a million miles apart regarding the valuation.
More to follow
EFL Championship ;
Chris club Sunderland AFC may just of found their knight in shining armour as reports are filtering in Virgin Group billionaire Sir Richard Branson's advisors are currently in negotiations with club owner Ellis Short over a proposed take over.
It's our understanding the deal will go through for just £1 providing both parties reach an agreement over the club's crippling financial debts that stand at a whopping £140M.
Virgin want the debt reduced to half that amount for a deal to be concluded (£70M) so its now upto Short if he wants a quick sale to accept.
Our correspondent has already said heavy squad investment coupled with a new naming of the Stadium of Light are in the pipeline and it will become the 'Virgin Media Arena'
Also close personal friend Harry Redknapp would be immediately installed as Director of Football in a bid to keep the club in the championship and make an all out assault on the title next season with promotion to the premier league a must.
Its no secret Mr Branson was looking at purchasing Norfolk outfit Norwich City FC but both parties were a million miles apart regarding the valuation.
More to follow

