Monsieur Salut couldn’t be in Sunderland today but pieces together the bits he has gleaned about the confirmed purchase of SAFC …
Stewart Donald confirmed today that his takeover of Sunderland AFC from Ellis Short had been completed. The club is now debt-free after Short accepted a £40m purchase price to be paid over two years.
Donald told a news conference at the Stadium of Light that the takeover was concluded on Sunday night after being approved by the EFL on Friday.
He said it was his hope to have a new manager appointed in a week or less to give him as much of the summer as possible for rebuilding.
— Jeff Brown (@JeffAB61) May 21, 2018
His first choice, Chris Wilder, appears to be staying with Sheffield United and talk of either Leicester City’s Michael Appleton or Blackpool’s Gary Bowyer – both considered as possible replacements for Chris Coleman – has all but vanished.
The Sunderland Echo, whose chief SAFC writer Phil Smith agreed with me that Arsène Wenger would have been a wonderful capture (though not a realistic target), speculated earlier that contenders included St Mirren’s well-regarded Jack Ross, also courted by Ipswich and perhaps more likely to end up there, Phil Parkinson and Paul Hurst. The Echo says the bookies’ favourite, Alex Rae, has not been contacted by the club.
Charlie Methven, M Salut’s former colleague, is Stewart’s sidekick in the deal. He says there is no international consortium and that Stewart is the majority stakeholder with “to a lesser degree me”. There is scope for others wishing to invest to do so and some have already expressed interest.
Donald says the new boss will have a hefty wages budget by League one standards. Salut! Sunderland believes this will be in the region of £7m-£9m and there will be money (M Salut is not entirely sure whether that would additional or included) for inward transfers.
SAFC.com quotes Donald as saying: “It’s Sunderland. It’s as simple as that. As soon as I was aware the club was available and we got into the details, I just wanted to get the deal done. If you are passionate about football and a club like Sunderland comes on the market, you have just got to do it.”
— Martin Emmerson (@Martycricket) May 21, 2018
While many supporters would love to see a new squad built around Paddy McNair, there has so far been nothing to contradict the feeling that the new owner is resigned to losing him as one of the club’s saleable – and ambitious – assets, one who also happens to be on a massive wage deal. There are other marketable players and it will be interesting to see how much of the money recouped from moving them on will be available to buy in talent.
For further updates, you would do a lot worse than check out the Echo at this link: https://www.sunderlandecho.com/sport/football/sunderland-afc/live-stewart-donald-press-conference-as-sunderland-takeover-gets-the-go-ahead-1-9174125
Good luck gentlemen – Stewart describes himself as nervous but very excited” – and Ha’way whoever will be our Lads come August.