Things don't add up about Sunderland takeover YET - deciphering Sunday's chaos (part 2!)

What a mental day. If you've lived under a rock, allow me to summarise;

by GMac88 Sunday, 29 April 2018 08:35 PM Comments
What a mental day. If you've lived under a rock, allow me to summarise;


- Chris Coleman and Kit Symons have been 'released from their contracts' (I know, gutted)
- Ellis Short has announced he has sold the club to an 'international consortium' headed by Eastleigh chairman Stewart Donald (I know, wees that?)
- Short has also written off the clubs' crippling debts (I know, canny of him).

That begins and ends what we know of a turbulent Sunday, with all sorts of other very loud whispers going around. Jaap Stam, some Spanish investors, Sky's Dave Jones, Mick McCarthy and even Stefan Schwarz have all been mentioned somewhere by someone as possible context around an otherwise mysterious takeover.

Short's message was clear in that further information would not be disclosed by either him or Donald until the EFL sanction the takeover. That is a decision which should be inevitable.

The only thing that is very evident about this whole thing is that nobody knew anything about the true fate of Sunderland AFC throughout this takeover saga. Many, many rumours have came and gone without substance, but the successful party came in last minute to pip any other would be buyers to the prize. Other buyers which we can safely assume included a local consortium, Chinese investors, German investors, Maltese investors and, or course, I-Kiribati businessmen.

It was only last week that Donald was interviewed admitting he had been approached about Sunderland by investors and, despite every other discussion around a takeover taking decades, a deal was agreed shortly after. What does it mean?


Who knows. But to me it suggests that there must be some business and financial clout behind the eventual buyers - mustn't there? Short hasn't been vocal about much, but has always maintained the sale of Sunderland would go to the correct people with the ability - financial and otherwise - to take the club forward. And I believe him, I think, particularly after he shunned German investors because of their intentions to sell our assets (the SoL and AoL).

Apparently Short has been paid something for the club which is for the aforementioned assets, construction of which for the pair cost around £40m. You'd imagine the final fee agreed will have been more than that, with Sunderland boasting the odd sellable asset in Joel Asoro, Paddy McNair amongt others like future England number one Jason Steele.

I've loads of questions to be honest. A random chairman from a random, non-league club is suddenly asked by a mysterious bunch of rich folk to become chairman of one of the biggest footballing establishments in the county out of nowhere - hmm. Without trying to sound too doomsie, we are Sunderland - so until we learn some more about our new owners, their intentions, our first managerial appointment and what we'll have to spend in the summer I'll keep my giddiness down to mild optimism for now.

Last thought - Short's legacy deserves to be remembered for the period which nearly destroyed us, but the man himself should receive at least a tip of the hat for leaving us in a situation where progression is actually possible.