The Black Cats owner Ellis Short has publicly told the media that he wants to sell all his shares in the club. With the owner struggling to find buyers in the past, he is in advanced talks with a German consortium to take full control of the club.
There has been interest from both China and the Middle East in previous years, but it looks like this German consortium is the last viable option to sell the club.
Although Sunderland have come out and said that if negotiations can’t be completed within a short amount of time, Short will carry on as normal and make plans for next season. All of this overshadows the North East club’s search for a new manager, which has still not been decided.
Aberdeen manager, Derek McInes, was the first to turn down the job offer and will instead stay with the Scottish Club. With the club unable to give any reassurances to whom the new owner will be and how much the new manager will be able to spend, it’s been hard to find a new man for the job.
Last season was disappointing for Sunderland fans as they saw their club relegated to the Championship and it looks to be an even worse summer, with no Sunderland transfer rumours and no sight of a new manager – most are backing either Simon Grayson or Kevin Philips to eventually succeed David Moyes.