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Sunderland takeover edges closer as American consortium registers new company

Sunderland’s takeover is edging closer after the American consortium in discussions with the League One team registered a company with Companies House.
“FPP Sunderland Ltd” was lodged on Monday as a vehicle to facilitate the planned takeover by MSD Parners LP, a New York City-based investment company that manages the funds of computer magnate Michael Dell and loved ones.
Together using Dell a property investor Robert Platek, John Phelan and trio Glenn Fuhrman is going to be the club’s hands owners.
Their long term plan is to reunite Sunderland even though they’re aware this will require some time.
Present proprietor Stewart Donald, that has been at the helm for 16 weeks, will keep a stake at the club and both he and Charlie Methven will stay integral to the daily surgeries.
Donald, who bought the League One club for just #40m, stated last month the agreement is”hugely exciting”.
“We’ve got a preferred partner, someone that we believe can do what we’ve talked about doing and come with us to take the club into the next level,” he explained.
“I expect that we can find the deal over the line because I believe it’s a hugely exciting bargain for all the correct reasons.”
A deal to market the club into a Different US-businessman fell through in July.
Sunderland are fourth in Sky Bet League One in their opening eight matches with four wins, three draws and a defeat.

Read more here: http://www.pq4g.com/archives/2823

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Office Location: 767 W Greens Lake Dr.
Cedar City, Utah 84721

Phone: (435) 867-1536 Fax: (888) 511-4152
Email: manager@sunsetridgeutah.com