A Chinese consortium based in Hong Kong are weighing up a takeover of Sunderland, according to the Sunday People, page 56, 28/08.
They report that the group are plotting a £50m takeover but are waiting on the result of the Black Cats’ promotion push because the division the club will be playing in has a vast impact on its value.
The report said that “there was Chinese interest in Sunderland before and they signed a non disclosure agreement. Now some Chinese in Hong Kong are sniffing around Sunderland and looking at a £50m offer.”
Whatever happens this season, Sunderland have started to move back upwards again. Promotion from League One was never going to be easy and it looks like now they’ll have to settle for a place in the play-offs after Saturday’s 1-1 draw against Portsmouth.
But if this takeover brings even greater stability then it’ll be a good thing. If it doesn’t, then Sunderland could once more be in a state of flux, which is the last thing the club needs, in truth.
The focus for everyone around the club has to be climbing out of the third tier because it doesn’t get any easier to bounce back as the seasons go by…