AMERICAN INVESTORS SET TO BUY SUNDERLAND FOOTBALL CLUB
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American investors known as MSD Capital are set to take over English football club, Sunderland.
The group presided by Glenn Fuhrman, John Phelan and Robert Platek are close to agreeing a deal to take a controlling share in the club from current owner Stewart Donald, who will remain on the board with a reduced stake in the club.
MSD Capital also include multi-billionaire Michael Dell, the tech magnate behind Dell Technologies ranked as one of the richest men in the world by Forbes, although Sky Sports reports that he won’t be hugely involved in the running of the club.
Donald, who bought the League One club for £40m in May 2018, told fan podcast Roker Report last week that the deal is ‘hugely exciting’.
“We’ve got a preferred partner, someone that we think can really do what we’ve talked about doing and come with us to take the club to the next level,” he said.
“I hope that we can get the deal over the line because I think it’s a hugely exciting deal for all the right reasons.”
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