Takeover close, perhaps ?

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Just read that deal is agreed in principle £85m with £15m + extra payment to Short if we are promoted. Finer details to be thrashed out and sale officially announce next Thursday.

Source: Northern Echo
 
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Desix in a Row said:
@FootballJourno0
A German consortium from the Deutsche Finance Strategie Holding AG have completed the takeover of @SunderlandAFC [HASHTAG]#SAFC[/HASHTAG]

Martin Bain has been removed from the board of directors and his direct replacement is former SAFC player Stefan Schwarz [HASHTAG]#SAFC[/HASHTAG]

It is my understanding the board will be made up of 5 German representatives. Schwarz will be footballing director [HASHTAG]#SAFC[/HASHTAG]
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Source?
 
Sunderland takeover deadline may shift as German group looks to finalise deal Ellis Short ROSS GREGORY 16:25Friday 23 June 2017 0 HAVE YOUR SAY Takeover talks will not be resolved until next week as Ellis Short continues his bid to sell Sunderland. ADVERTISING The Black Cats owner had set a deadline of the end of the month for interested parties to complete a deal for the club. However, the Echo understands that the deadline could be brought forward, with one of the potential buyers keen to finalise a takeover by the beginning of the week. A German consortium is in pole position to strike an agreement with Short, who is believed to want around £90million for his holding. However, there is also renewed interest from a US consortium, according to reports in London yesterday. The German group remains strong favourites, and sources near to the bid say they are ‘very close’ to an agreement. However, with a number of small differences still to be ironed out, it is by no means guaranteed that Short will accept the terms on offer. Sunderland’s players return to pre-season training on Thursday, before jetting off to Austria for a five-day training camp on Monday. First-team coach Robbie Stockdale will lead pre-season until a new manager comes in, with an appointment put on hold until the takeover talks are finalised. Preston North End boss Simon Grayson remains the bookies’ favourite, but any new owners would look to bring in their own man.

Read more at: http://www.sunderlandecho.com/sport...german-group-looks-to-finalise-deal-1-8613384

Jens keller is my guess
 
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Posted on RTG hours before echo update from bob :

I just spoke to Nick they are back at the hotel at 15.00pm the delay is down to certain items not disclosed in the initial offer and they are being worked on as i post this his client is hopeful it can be resolved asap the head guy is NOT going back to Germany over the weekend so read into that what you will that's how it stand at the minute.

PS It is £85 mill but add ons depending on promotion the thing is he gets it over 5 years not 10 like others
 
I've just looked up Jens Keller and the computer says Norwich City are in for him so unless our new German friends have some real influence then he'll choose them above us at the moment.
Be an interesting few days ahead.
 
cumbrianmackem said:
I've just looked up Jens Keller and the computer says Norwich City are in for him so unless our new German friends have some real influence then he'll choose them above us at the moment.
Be an interesting few days ahead.
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He was linked with Norwich, thats why his name is probably being shouted with us.
 
grandpops said:
tbh mate I`m not too bothered about Stockdale `holding the fort` until Short buggers off and the new owners get sorted. He was given the task over Bracewell (yes I know) when Moyes was banished to the stands and seemed to make a decent fist of it. He was jumping up and down and the players looked as if they were taking notice. Didn`t help much I know but at least he got out of his bloody seat. <laugh>
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If we get a German consortium as owners I am sure they'll bring in a German manager not considered by the bookies -maybe an up and coming manager from Bundesliga 2 - as I've posted before we do not need another journeyman failed manager. Just my view :emoticon-0148-yes:
EDIT - just seen an update on http://c.newsnow.co.uk/A/891196278?-11204:795:3 that we are looking at Union Berlin manager - Keller - I know little of him
 
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Desix in a Row said:
@FootballJourno0
A German consortium from the Deutsche Finance Strategie Holding AG have completed the takeover of @SunderlandAFC [HASHTAG]#SAFC[/HASHTAG]

Martin Bain has been removed from the board of directors and his direct replacement is former SAFC player Stefan Schwarz [HASHTAG]#SAFC[/HASHTAG]

It is my understanding the board will be made up of 5 German representatives. Schwarz will be footballing director [HASHTAG]#SAFC[/HASHTAG]
Click to expand...
hope this is true :emoticon-0148-yes:
 
Teessidemakem said:
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.
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Further update for anyone interested - ie most on here http://www.thenorthernecho.co.uk/sp...h_Simon_Grayson_lined_up_as_fall_back_option/
Personally would much rather have Grayson than any other current experienced contenders but like the soundbites about Jan Keller. Toppa but not holding my breath
 
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