MX23RW : Thursday, December 13 23:10:23

Report: Ellis Short willing to give Sunderland away for free

Sunderland owner Ellis Short is reportedly prepared to give the club away for free if a buyer can be found to take on the struggling Championship outfit's debt.

Sunderland owner Ellis Short is prepared to give the club away for free if a buyer can be found to take on the Wearside outfit's substantial debt, according to reports.

The Black Cats' downwards spiral shows no sign of stopping as they find themselves bottom of the Championship table and at serious risk of back-to-back relegations.

Short, who has been looking to sell Sunderland since 2016, is now based in the United States and has handed over day-to-day control of the club to chief executive Martin Bain.

The American purportedly valued the club at £170m as recently as late 2016, when they were still in the Premier League, but the price tag was recently believed to have been slashed to £50m.

According to BBC Sport, Short is now ready to sell for nothing as long as any new owner takes on debts which stood, according to the last published figures in 2016, at £137.3m.

The report claims that around half the debt - £69m - is to Short himself, who may forego some or all of that figure as part of a deal.

Sunderland have declined to comment on the recent reports.


Click here for more stories about Ellis Short

Click here for more stories about Sunderland

Share this article now:
Chris Coleman in charge of Wales in October 2017
Read Next:
Sunderland 'up for sale for £50m'
>

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Login, I already have my ad-free pass
Log in to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account