Sunderland’s new owners take over at the Stadium of Light
Written by Scott McGerty on 21st May 2018
Sunderland AFC’s new chairman, Stewart Donald, holds his first press conference as sale of the club goes ahead.
The consortium led by former Eastleigh owner, Stewart Donald, took over at the Stadium of Light earlier this afternoon after finalising the deal.
The English Football League approved the sale of the club on Friday, which Donald confirmed was worth £40 million.
The deal also included the guarantee to wipe out the club’s existing debt.
The new owner met with journalists during a press conference this afternoon which was streamed live on Facebook.
During which he has guaranteed a “pretty hefty” budget for Sunderland‘s League One campaign.
“Looking at the numbers we have put through, the budget for Sunderland is going to be pretty hefty for League One. It’s going to be a lot more than any of the teams that got promoted last season had got. It’s going to be a good budget for Sunderland and I’m sure it’s a budget one or two Championship clubs would like.” – Stewart Donald
While, the new owner also said he had no reservations with agreeing to buy the club.
“Well. It’s Sunderland. As soon as I was aware it was available you just got to try and see if you get the deal done. If you’re passionate about football and Sunderland Football Club comes on the market and your available to have a football club, you’ve got think seriously about it.” – Stewart Donald
Donald also confirmed that the club hope to be in a position to announce their new manager within the next seven days.
Former Black Cats midfielder Alex Rae has been backed in to favourite by some bookmakers while St Mirren boss Jack Ross has also emerged as a contender.