(Chronicle)
Report: MSD Partners' takeover of Sunderland is OFF
They report:
SUNDERLAND’S super-rich American bidders are pulling out of takeover talks over the valuation of the club.
The League One sleeping giants have been told the shock news after MSD Partners spent over a month trying to finalise a deal.
The group, led by Glenn Fuhrman and backed by Dell computer cash, were unhappy with the buy-out plan after due diligence.
Owner Stewart Donald hoped to sell for a good price and keep a major say in the Black Cats.
But the Americans have too many questions unanswered.
The parties discussed initial figures over a multi-million sale before Fuhrman flew in to push on with the deal a few weeks ago.
Those numbers changed after queries were raised by the American’s legal team during a lengthy investigation.
The Americans felt the club was over-valued and also doubted whether they had as many assets on the academy side as they were led to believe.
Now Donald and his men are on the look-out for other investors.
He is also under pressure to sack boss Jack Ross but that would be a costly exercise.