Sunderland’s takeover bids stall managerial appointment

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Ellis Short may be done with Sunderland after just under a decade of tumult at the Stadium of Light.

The American-born business man invested in the club in 2008, and took over in May 2009. The Black Cats battled relegation over the last half-decade, sent down to the Championship at the end of this season under the guidance of David Moyes.

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Moyes left, and the club has been unable to appoint a new manager due to the takeover talks.

From Sunderland’s web site:

With this backdrop, we have been unable to give the assurances any potential candidate would need regarding the plans a new owner could have for the manager’s position. The recruitment process, whilst still very much active, cannot therefore be concluded imminently.

The takeover bids reportedly involve two groups, “a German consortium and fans Gabe Turner, Ben Turner and Leo Pearlman from television production company Fulwell 73.”

That latter group reportedly includes American ties.

Sunderland admits that sorting out new ownership needs to be done quickly as the Black Cats aim to go straight back to the Premier League after its first relegation in a decade.