Sunderland owner Stewart Donald has entered a period of ‘exclusivity‘ with a potential new buyer, according to BBC Radio Newcastle.
Pressure is firmly mounting on the shoulders of Donald to find a buyer after the 2019/2020 season offered very little in terms of a bright future.
A second successive failure to gain promotion from League One to the Championship saw the Wearsiders finish as low as eighth in the League One table and takeover talk is now beginning to develop.
Donald, who took over the Wearsiders in 2018, revealed that he wanted to sell the club after just 19 months in charge, and a host of potential buyers have now emerged. Chinese businessman Sammy Yu, Mark Campbell, William Storey and former Black Cats defender Michael Gray have all been credited with interest and a recent report has added further to the speculation surrounding the club.
According to the report by BBC Radio Newcastle [via Insider Media], Donald has entered a period of exclusivity with an unnamed bidder.
It is also claimed that a deal could be struck before the start of the new season in September, thus potentially offering manager Phil Parkinson the chance to bring in some new faces.
Finally, some news that Sunderland fans can read with a smile. A takeover needs to be done as quickly and efficiently as possible and, should it be completed, it could represent a seminal moment in the club’s recent history.
After years of regression from Premier League regulars to a third successive campaign in League One, maybe there are green shoots of recovery at the Stadium of Light.
Who do you think the potential new buyer is? Let us know in the comments section below…
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