Serious takeover talk

[Teessidemackem]

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Following press reports in recent days linking the club with a potential takeover, sources close to the club have confirmed to A Love Supreme that a takeover is progressing quickly and that US based investors Glenn Fuhrman, John Phelan, Robert Platek and Michael Dell are set to take over SAFC.

Michael Dell will be a passive investor supporting his business partners, who will be more heavily involved at boardroom level. A quick Google search confirms that collectively the wealth that the four Americans have makes them one of the richest forces in British football.

They have been looking at the possible acquisition of an English football club for some time as part of a wider sports investment strategy and have decided Sunderland is the club for them after meetings arranged via a US football industry contact of Charlie Methven.

The club source said that “the board have been very open about looking to attract investment in the future, but they could see this was too good an opportunity for the club to miss.”

The deal, which is understood to be around £40m, will see the consortium acquire the majority of the club with Donald and Methven remaining on the board.

The process has been going on for a couple of months and it's "hoped the legal aspects, EFL etc will be sorted out in the next couple of weeks.”

Ooooh

I think ill join you Rog..

 

[Smug in Boots]

The chap I've been talking to is currently in the States so it's not easy to communicate due to the time difference. He's over there arranging to sell a huge pharmaceutical research company he's built up and owned for years.

Anyway he says this Sunderland thing is 'beyond the point where it can be put back into the box!'

That, to me, sounds like the people involved are openly talking about it and feel confident that it's a done deal.

I can't say an awful lot more, because that's all I really know, but I'm starting to believe it. I can't post my friends name or company because all Google searches on him are tracked by a security agency and he wouldn't be pleased if anything came back on me.

Sounds promising though.

 

[Makemstine Roger]

ooh erh i've gone weak at the knees , could this really happen to our beloved club fingers crossed

 

[Nacho]

Is that Micheal S. Dell, as in Dell technologies, the 20th richest person in the world?

I thought the same thing, no idea really but the name Dell caught my eye and if it's the same first name then I reckon it probably is the same guy.

 

[Nordic]

Michael Dell is the Mr Dell of the computing giant and all his family wealth.

The other boys help to manage the Dell family wealth at their firm, MSD Capital. There is even a 'Packard' junior working there, Exciting stuff:

https://www.msdcapital.com/leadership

 

[Nads]

Moist.

 

[Nordic]

The current strength of the Dollar should encourage them pushing this one through pronto. It's a no-brainer, no debt value-add deal with massive upside. As long as they don't think increasing the capacity is a good idea and take their time to do this right....

 

[Nacho]

Michael Dell is the Mr Dell of the computing giant and all his family wealth.

The other boys help to manage the Dell family wealth at their firm, MSD Capital. There is even a 'Packard' junior working there, Exciting stuff:

https://www.msdcapital.com/leadership

In terms of business sense and financial power you couldn't ask for much more than the people who own Dell.

 

[Hefty fullback]

7 in a row!

 

[Teessidemackem]

https://www.sunderlandecho.com/spor...nt-group-closing-in-on-sunderland-deal-491771

 

[Nacho]

If this deal happens we've got to give huge respect to Donald and Methven for balancing the books and making us attractive to investors and to Short for leaving us financially stable despite having an absolute nightmare with the club.

 

[swanseaandproud]

Big men who are so rich does not mean they will pump money into the club at all...There are so many of these owners in football these days. It's like toys for the boys where they buy a club as a bit of fun.

 

[Teessidemackem]

Big men who are so rich does not mean they will pump money into the club at all...There are so many of these owners in football these days. It's like toys for the boys where they buy a club as a bit of fun.

Theres also many owners that do spend, so why dont you get back to pumping Sheep

 

[Teessidemackem]

https://rokerreport.sbnation.com/20...rland-details-of-american-consortium-revealed

 

[Nacho]

Big men who are so rich does not mean they will pump money into the club at all...There are so many of these owners in football these days. It's like toys for the boys where they buy a club as a bit of fun.

We know better than anyone that it doesn't always work, Short is a billionaire and he lead us to league one. I don't believe for a second though that a mega rich group of backers wouldn't want to pump money in and if Donald and Methven stay on as is usually suggested then those boys know what to do with the extra capital.

 

[Smug in Boots]

Theres also many owners that do spend, so why dont you get back to pumping Sheep

If this comes off it'll attract loads of animal abusers like this, horse punchers will be next.

 

[Brian Storm]

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[MrRAWhite]

Time will tell..

 

[Smug in Boots]

Time will tell..

I can understand anyone not getting carried away after the way the Mags were all celebrating their Sheikh only to end up crushed.

This is much different to that and I don't think it will be long until its all clear. This is disruptive for the club, players, manager, etc, as well as putting off any other potential investors, and I'm sure Donald & Methven would've denied it if there was nothing in it.

Their 'radio silence' speaks volumes imo.

 

[cumbrianmackem]

Well it's been on Look North news this morning so it must be true.
like Raw says time will tell but it could be an exciting bank holiday weekend and three points tomorrow to keep us on track.....Come on