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Stewart Donald consortium completes Sunderland takeover

Donald consortium completes Sunderland deal
© SilverHub
A consortium led by Stewart Donald officially completes the takeover of Sunderland after the deal was ratified by the EFL.

New Sunderland owner Stewart Donald has said that the club are now 'debt-free' after a takeover was officially completed.

A deal to take over the reins from Ellis Short was announced last month, but Donald and his consortium needed to pass a number of tests with the EFL.

Those requirements have now been met, and Donald has revealed that the Black Cats - who will play in League One next season - can now move forward without any arrears.

At a press conference, Donald said: "We've given Ellis £40m, so that's the deal, and in return Ellis has tidied up his debt and that's now gone from the football club.

"Ellis was very clear he didn't want the debt, but we didn't want the debt either so we refused that. The reality is Sunderland is debt-free which, for the fans, is good news."

Donald also added that he hopes to announce a replacement for Chris Coleman within a week.


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2Luton TownLuton21126339182142
3Sunderland20118140192141
4Peterborough UnitedPeterborough21116438261239
5Charlton AthleticCharlton2111463425937
6Doncaster RoversDoncaster2110563426835
7Blackpool209742519634
8Barnsley2096531181333
9Wycombe WanderersWycombe218763028231
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14Burton Albion208392628-227
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16Gillingham2173113134-324
17Shrewsbury TownShrewsbury216692427-324
18Rochdale216692839-1124
19Oxford UnitedOxford Utd215792733-622
20Scunthorpe UnitedScunthorpe2156102944-1521
21Bristol Rovers2145121725-817
22Plymouth ArgylePlymouth2145122440-1617
23AFC Wimbledon2143141531-1615
24Bradford CityBradford2143141839-2115

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