TAKEOVER ONE STEP CLOSER
US INVESTORS SET UP COMPANY TO SEAL SAFC DEAL
Sunderland AFC’s takeover by an American consortium has taken a big step to towards completion – after anewcompanywasformed to facilitate the deal.
John Phelan, Glenn Fuhrman and Robert Platek are set to obtain a majority stake in the Black Cats in the near future – with talks having been held behind the scenes over recent weeks.
The American trio – who will be joined by computer tycoon Michael Dell, who will hold a minority share – attended Sunderland’s victory over AFC Wimbledon last months as a deal neared.
And the takeover has taken a huge step towards completion after a new company, titled ‘FPP Sunderland Limited’, was registered with Companies House.
Phelan, Fuhrman and Platek are the three directors of the new company, which was registered in Delaware, USA on Monday, September 16.
The companies registered address is that of the Stadium of Light, and it is likely that this new company will be used as a vessel through which to purchase the club.
Similar was seen when Stewart Donald took control of the club, as he formed a similar company – Madrox – to seal the Sunderland takeover.
Indeed, the formation of such a company usually indicates that talks over a purchase have reached an advanced stage and are expected to be completed imminently.
Dell was listed as the 25th richest man in the world in the latest Forbes Rich List, although it is believed he will be less hands on than the other trio from MSD Partners.