MX23RW : Tuesday, November 20 18:29:21

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
1Portsmouth17115128141438
2Sunderland17106133141936
3Peterborough UnitedPeterborough18104434231134
4Luton TownLuton1896330171333
5Barnsley1795328121632
6Charlton AthleticCharlton178452620628
7Blackpool177732016428
8Doncaster RoversDoncaster188462725228
9Coventry CityCoventry188462019128
10Accrington StanleyAccrington187742121028
11Walsall187561924-526
12Fleetwood Town186662419524
13Burton Albion177372322124
14Southend UnitedSouthend187292224-223
15Wycombe WanderersWycombe185762425-122
16Shrewsbury TownShrewsbury185671922-321
17Scunthorpe UnitedScunthorpe185672838-1021
18Rochdale185582434-1020
19Gillingham1853102630-418
20Oxford UnitedOxford Utd184682127-618
21Bristol Rovers184591516-117
22Plymouth ArgylePlymouth1834111934-1513
23AFC Wimbledon1832131228-1611
24Bradford CityBradford1832131332-1911

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