Troubled Sunderland AFC acquired by a consortium fronted by Stewart Donald
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Haringey Council
£37,722 - £40,869
Haringey, London, UK
énergie group
Competitive
Milton Keynes, UK
Y Club
£30,000
Manchester, UK
Coach Gyms
£15k basic + commission + Bonus
Leeds / Harrogate, UK
Stantonbury International Sports Centre
Competitive
Stantonbury Leisure Centre, Milton Keynes

Troubled Sunderland AFC acquired by a consortium fronted by Stewart Donald

Job opportunities
Plymouth Marjon University
Grade 4, £11.03 + 12% holiday pay per hour
location: Plymouth, UK
City University of London
£25,941 to £29,176
location: CitySport, London, United Kingdom
Y Club
£30,000
location: Manchester, UK
more jobs

Sunderland Athletic Football Club (SAFC), which has suffered a spectacular fall from grace with two successive relegations, will be sold to a consortium fronted by Stewart Donald, the current chair of Eastleigh Football Club.

The deal to sell the club was announced by Sunderland's current owner, entrepreneur Ellis Short.

Short's ownership of the club has been marked by perennial struggles against relegation from the English Premier League, with the club finally succumbing to the drop last season (2016-17). Matters were made worse this season, as the club was relegated for a second time, to the third tier of English football.

“It is no secret that I have been trying to sell Sunderland, but I have waited until the right group came along that have the experience, finances and plan to take this great club back to where it deserves to be," Short said in a statement.

“Overall, my chairmanship has not gone the way I would have wished; the many high points of a decade in the Premier League have been overshadowed by the low points of the last two terrible seasons.

"I was, therefore, determined to ensure that I leave Sunderland in the best possible hands and in the best possible state to turn the corner.

"To achieve this, higher offers from less qualified buyers were rejected, and I have paid off all debts owed by the club to leave it financially strong and debt free for the first time since years before I owned it.

The deal, which is subject to English Football League (EFL) approval, will see ownership pass to a group led by Donald, current chair of Eastleigh FC.

Donald has put Eastleigh up for sale in order to comply with EFL regulations, which prevent ownership of more than two clubs in the football pyramid.

“All of us involved in this bid believe that Sunderland represents an extraordinary opportunity," Donald said.

"Our group have all been involved in building – or re-building – football clubs to reach their potential and we believe that over the last decade we have acquired the necessary skill sets to overcome the many challenges that will face us at this huge club.”

As well as his association with Eastleigh, Donald has also been a key behind-the-scenes presence at Oxford United in that club’s revival over the last ten years, as an investor, shirt sponsor and supporters trust committee member.

He added: “Eastleigh and Oxford are different cases to each other and, of course, smaller than Sunderland. The similarity, though, is that there is also a lot that needs to be addressed here, and it needs to be addressed with realism, focus and dedication. For a club with one of the best fanbases, stadium and academies in the UK to find itself in League One is unacceptable.

“We have a carefully thought-through plan to restructure the club, make it sustainable and, with the help of the fans, to restore its sense of pride and re-connect it with the local community. In short, we are rolling our sleeves up to do what needs to be done to ready this club to start competing again.”

Sign up for FREE ezines & magazines
Sunderland Athletic Football Club (SAFC), which has suffered a spectacular fall from grace with two successive relegations, will be sold to a consortium fronted by Stewart Donald, the current chair of Eastleigh Football Club.
SAR,PHR
THUMB26398_569443.jpg

More News

1 - 15 of 43,325
20 Jun 2021
Laurence des Cars is to become the first female president of the Louvre, following her appointment by French president Emmanuel Macron. Art historian des Cars ... More
19 Jun 2021
Plans have been revealed to build the world's deepest pool in Cornwall, UK, which would house facilities serving the spaceflight, sports science and healthcare communities. ... More
18 Jun 2021
People with depression should be prescribed exercise and then monitored for the first 12 weeks of their regime – similar to the way physical therapy ... More
17 Jun 2021
Kew Gardens has established a "living laboratory" at its wild botanic garden at Wakehurst, UK. The move is part of a research project to explore ... More
17 Jun 2021
Frequent strenuous exercise increases the risk of developing motor neurone disease (MND) in people with certain genetic profiles. Over recent years, a number of high-profile ... More
16 Jun 2021
Discount rail and bus travel and £10m in vouchers to key attractions – funded by the National Lottery – are among the measures announced in ... More
Miha Bodytec GmbH
Miha Bodytec GmbH
16 Jun 2021
The UK government has extended the ban on commercial evictions until 25 March 2022. Announcing the move today (15 June), chief secretary to the Treasury, ... More
15 Jun 2021
Operating a further four weeks at reduced capacity will place serious pressure on English fitness facilities – if the government doesn't urgently provide additional financial ... More
15 Jun 2021
People experiencing homelessness are being offered free access to leisure centres by Oxford City Council. A scheme launched this month (June 2021) will see the ... More
15 Jun 2021
IHRSA has appointed Elizabeth Clark as its new president and CEO. Clark joins the industry body from the National Confectioners Association (NCA) – the trade ... More
15 Jun 2021
Buro Happold, has acquired acoustics and audio-visual consultancy Vanguardia Limited and its subsidiary Crowd Dynamics International. The move will strengthen Buro Happold’s depth of expertise ... More
15 Jun 2021
Boutique studio operator TRIB3 has launched its own-brand range of luxury toiletries. The operator, which recently entered the Benelux market by signing a 20-site franchise ... More
Spa Life UK
Spa Life UK
15 Jun 2021
Rainer Schaller's RSG Group is bringing its John Reed brand of health clubs to the UK for the first time. Set to open in London's ... More
11 Jun 2021
The government needs to urgently set out its plans to support physical activity and fitness businesses, if it intends to delay Step 4 of its ... More
11 Jun 2021
Glofox will begin offering health clubs, gyms and fitness studios instant access to financing, following a deal struck with Stripe Capital. The club management software ... More
1 - 15 of 43,325
Technogym
Technogym