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Sunderland on the verge of takeover by consortium including 25th richest man in the world

Sunderland could be set for a sizeable cash injection following a takeover bid from a consortium including the world’s 25th richest man, Michael Dell. 

Dell, the founder and CEO of Dell Technologies, is part of a wealthy group of American investors ready to buy out Stewart Donald’s majority stake in the club.

Sportsmail understands Dell, who was recently ranked by Forbes as the 25th richest man in the world, is a minority investor in the takeover bid, while partners Glenn Fuhrman, John Phelan and Robert Platek are the prospective buyers.

The deal would see Donald and fellow director Charlie Methven, who used the club’s parachute payments to fund their takeover from Ellis Short in 2018, receive a sizebale profit on their initial outlay.

Michael Dell is part of an American consortium hoping to complete a takeover of Sunderland

However, the pair would continue to lead the day to day running of the club, but hand over overall control to the MSD Partners consortium.

According to The Telegraph, MSD Partners have been considering a takeover bid for an English club for a number of months, and settled on Sunderland following multiple meetings with Methven earlier this year.

Methven and Donald bought the club in 2018 but have been canvassing for investors ever since. The pair have convinced MSD that a relatively small investment now could reap huge rewards if the League One club are promoted to the Premier League.

In an interview last week, Donald confirmed a takeover was close following talks with investors who could help the club to compete over a long term period.

‘We’ve got a preferred partner,’ Donald said last week. ‘Someone that we think can really do what we’ve talked about doing and come with us to take the club to the next level. I hope that we can get the deal over the line because I think it’s a hugely exciting deal for all the right reasons.

‘For taking the football club on, as we have said we wanted to and in the way that we want to.

‘We don’t want people who talk a good game, say they have got money and then don’t back it up or people who have money but don’t know how to spend it.

‘We want it structured, sustainable, and the people we are talking to are talking long, long term investment, long term plan, not built on sand and I’m hopeful that as much as anything now that we have got to persuade them to come with us on this journey.

‘Where we are is absolutely fine, to keep competing as we are and be financially safe but I think we have now attracted people who can do what we’ve said.’

Before the takeover is completed, the MSD consortium will have to pass the EFL’s fit and proper person’s test.

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