Sunderland fans ready to rival takeover bid from German consortium

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A German consortium has reportedly made an approach to buy Sunderland football club, after holding talks with club owner Ellis Short in London. However, a section of club fans are not having any of it; a consortium led by club supporters have declared interest in putting forth a rival bid.

Thought to be around £50m, the rival bid falls short of the asking price of £90m fixed by the club owner. Another set of fans are also said to be preparing a heavier bid within the coming days according to The Independent.

The recently relegated Wearside club are also on the hunt for a new manager following the sack of David Moyes, they have placed the recruitment process on hold until the future of the club is settled.

Leo Pearlman, Gabe and Ben Turner are co-owners of the production company Fulwell73, they are huge fans of the club and are leading a bid also believed to be of some substantial value.

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The club released the following statement earlier this summer:

“Since the end of the season, our focus has been to appoint a new manager. Recently, however, discussions have been entered into with parties who have expressed an interest in acquiring ownership of the club.

“With this backdrop, we have been unable to give the assurances any potential candidate would need regarding the plans a new owner could have for the manager’s position. The recruitment process, while still very much active, cannot therefore be concluded imminently.”

“In talking to parties who have shown interest in acquiring the club, Ellis Short is determined to make sure the best interests of Sunderland are at the heart of any decision regarding its future.

“We are aware of the need to act swiftly to appoint a manager and, to ensure this is the case, have placed a time limit on discussions regarding a sale. If discussions are not concluded within our defined timeframe, we will terminate the process and move forward with plans for the new season.”

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