This is a discussion on Short seals Black Cats buy-out within the European Sports forums, part of the Sports Forums category; Originally Posted by Sky Sports
Short seals Black Cats buy-out
Sunderland have confirmed that majority shareholder Ellis Short is to ...
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Sunderland have confirmed that majority shareholder Ellis Short is to assume full control of the club.
The American businessman bought a 30 per cent holding in the Black Cats after taking over from the Ireland-based Drumaville consortium last year.
There has been speculation for some time that he could be ready to invest more heavily, although an announcement was delayed as Sunderland battled to avoid relegation.
Ricky Sbragia managed to keep the club in the top flight despite suffering defeat to Chelsea on the final day of the season.
Sunderland have now confirmed that Short is to take over at the Stadium of Light and chairman Niall Quinn is delighted with the development.