MX23RW : Monday, January 21 10:30:05

Ellis Short agrees to sale of Sunderland

Sunderland owner Ellis Short agrees a deal to sell the club after back-to-back relegations consigned them to League One football next season.

Sunderland owner Ellis Short has agreed a deal to sell the club following their relegation from the Championship.

The Black Cats have faced questions over the running of the club following their descent down the football ladder, with their plight this term seeing them become the first team in 33 years to finish bottom of the top two tiers in successive seasons.

Short has been eager to sell the club for some time, but he has now come to terms with an international consortium of football investors headed by Stewart Donald, the chairman of Eastleigh.

Donald, who has also supported Oxford United as an investor and shirt sponsor over the past decade, will now relinquish control of Eastleigh should the takeover be approved by the EFL.

"It is no secret that I have been trying to sell Sunderland, but I have waited until the right group came along that have the experience, finances and plan to take this great club back to where it deserves to be," read a statement from Short.

"Overall, my chairmanship has not gone the way I would have wished; the many high points of a decade in the Premier League have been overshadowed by the low points of the last two terrible seasons. I was therefore determined to ensure that I leave Sunderland in the best possible hands and in the best possible state to turn the corner.

"To achieve this, higher offers from less qualified buyers were rejected, and I have paid off all debts owed by the club to leave it financially strong and debt free for the first time since years before I owned it. Assuming Stewart and his group win EFL approval, it only remains for me to wish them, and all associated with the club, the very best for the future.

"I will be a Sunderland fan for life, and hope to return as a fan to watch them climb back to where they belong."

The announcement came just minutes after Sunderland revealed that manager Chris Coleman has been released from his contract at the club.


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An angry Chris Coleman in charge of Sunderland on March 3, 2018
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Tables
TeamPWDLFAGDPTS
1Portsmouth28176547272057
2Luton TownLuton28168454252956
3Sunderland271411248262253
4Charlton AthleticCharlton29165847311653
5Barnsley27157547232452
6Peterborough UnitedPeterborough2813874738947
7Doncaster RoversDoncaster28137851371446
8Blackpool2710982725239
9Coventry CityCoventry29116123134-339
10Southend UnitedSouthend28122143834438
11Wycombe WanderersWycombe28108103840-238
12Fleetwood Town2899103833536
13Burton Albion28106123838036
14Accrington StanleyAccrington2798102736-935
15Walsall2898113243-1135
16Scunthorpe UnitedScunthorpe2997133754-1734
17Shrewsbury TownShrewsbury28710112935-631
18Gillingham2894153948-931
19Rochdale2987143559-2431
20Oxford UnitedOxford Utd2879123544-930
21Plymouth ArgylePlymouth2886143650-1430
22Bristol Rovers2877142530-528
23Bradford CityBradford2883173147-1627
24AFC Wimbledon2865172242-2023

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