MX23RW : Friday, March 22 06:56:12

Report: Sunderland close to finalising £100m takeover deal

Ellis Short is reportedly on the brink of selling Sunderland in a deal worth £100m, with two parties willing to meet his asking price.

Sunderland owner Ellis Short is confident of finalising a £100m takeover deal by the end of the week, according to a report.

The American businessman, involved at the Stadium light for the past eight years, is keen to offload the Black Cats on the back of their relegation last season.

Short was said to be holding out for a bid of £85m to sell the club, but Sky Sports News suggests that a nine-figure agreement is close to being reached in principle.

Two rival bids are reportedly on the table - one from Germany and another from a multi-national consortium, which it emerged on Monday is being led by a group of Sunderland fans.

It is claimed that, should a deal be thrashed out in the coming days, Short will receive £90m up front and a further £10m in add-ons if the Championship outfit earn promotion in the next few years.

Sunderland are currently without a manager following the resignation of David Moyes last month, putting their search for a new boss on hold while they finalise a sale.


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Chairman of Sunderland AFC, Ellis Short, during the launch of a pioneering partnership between Invest in Africa and Sunderland AFC at Stadium of Light on June 25, 2012
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Sunderland 'prepared to sell for £85m'
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Tables
TeamPWDLFAGDPTS
1Liverpool31237170185276
2Manchester CityMan City30242479215874
3Tottenham HotspurSpurs30201957322561
4Arsenal30186663392460
5Manchester UnitedMan Utd30177658401858
6Chelsea30176750331757
7Wolverhampton WanderersWolves30128103836244
8Watford30127114244-243
9West Ham UnitedWest Ham31126134146-542
10Leicester CityLeicester31125144043-341
11Everton31117134342140
12Bournemouth31115154356-1338
13Newcastle UnitedNewcastle3198143140-935
14Crystal Palace3096153641-533
15Brighton & Hove AlbionBrighton2996143242-1033
16Southampton3079143450-1630
17Burnley3186173559-2430
18Cardiff CityCardiff3084182757-3028
19Fulham3145222970-4117
20Huddersfield TownHuddersfield3135231857-3914

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