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Sunderland takeover edges closer as American consortium registers new company

Sunderland’s takeover is currently edging nearer following the consortium in talks with the League One team registered a brand new business .
“FPP Sunderland Ltd” was set on Monday as a vehicle to facilitate the proposed takeover by MSD Parners LP, a New York City-based investment firm that manages the capital of computer magnate Michael Dell and family.
With Dell a passive, minority investor, Robert Platek, John Phelan and trio Glenn Fuhrman will be the club’s control owners.
Although they’re aware this will require time their long term plan is to reunite Sunderland to the Premier League.
Proprietor Stewart Donald, that has been for 16 weeks at the helm, will keep a stake at the club and he and Charlie Methven will stay integral to the day-to-day operations.
Donald, who purchased the League One team for just #40m, said last month that the agreement is”hugely exciting”.
“We have got a favorite partner, someone that we believe 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 may find the bargain within the line because I think that it’s a hugely exciting bargain for all the ideal reasons.”
A deal to sell the club into another US-businessman fell through in July.
Sunderland are fourth at Sky Bet League One in their opening eight games with four wins, three draws and a defeat.

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