UK time is: 16:38:24
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Takeover talks progress...

Takeover talks between Bob Murray and Niall Quinn's consortium have continued this week with progress said to be going well.

Chairman Bob Murray, vice chairman John Fickling, chief executive Peter Walker and director of marketing and communications Lesley Callaghan all flew to Dublin on Tuesday for further discussions with Quinn and his partners.

The private talks took place at the Great Southern Hotel near Dublin Airport. Both Murray and Fickling were pictured arriving there on the front page of yesterday's Sunderland Echo. Further discussions were due to take place on Wednesday evening at the Stadium of Light, with Murray travelling back to Wearside by helicopter.

Stock Exchange rules mean the club cannot comment on the progress or otherwise of the consortium's bid, although it is believed that the tone of the latest meeting was positive. The club did release a short statement through a spokesman,

'I can confirm discussions between the board and Niall Quinn are ongoing, but because of the takeover code we are unable to comment further.'

The Irish consortium has been involved in the process of due diligence for several weeks, and with no announcement of any progress having been made, fans had started to become anxious. However, news of these recent talks can only be a good sign. With players due to report back to pre-season on June 26, all parties would ideally like to have the situation sorted out before then.

And with shareholders given up to 21 days to decide whether to accept a bid, it is expected that Quinny and co will make a formal bid sooner rather than later.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


Click here to join in the debate on the club forum.

The Journalist

Writer:  Mail feedback, articles or suggestions

Date:Thursday June 8 2006

Time: 1:39AM

Your Comments

Is this consortium the Irish Mafia...e.g. Magnier, Tabor & McManus ???
alphieblues
the identity of Quinn's consortium is yet to be revealed, though those names have obviously been linked.
AJames
Quite like their cider though :-)
merlin
This seems to be taking an awful long time to conclude, I should think you'd want this done a.s.a.p.
FEn_100
I agree with FEn_100 Its been goin on ages and they wana apoint a new manager soon and need some money to spend on new players because i dunt think they go up with out buying some decant players.
matty17x
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Sunderland Halt Citeh's Charge (Wednesday April 16 2014)

Stats: Manchester City v Sunderland (Wednesday April 16 2014)

Poyet Will Stay If He Can (Wednesday April 16 2014)

Keeper Must Wait For Contract Talks. (Tuesday April 15 2014)

Bardsley Misses Crucial Away Games (Tuesday April 15 2014)

'We Need Luck' says Wickham (Monday April 14 2014)

Archived Articles

List All Vital Sunderland Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. smegma 31
2. 8barcodes 13
3. Poyets Pet 11
4. Wattsy44 11
5. Book Thief 10
6. pookie 9
7. treader 8
8. Freaky Teeth 6
9. thomas bjorn 6
10. Terrified Tomato 5

League Results (view all)

League Table (view table)

Team P W D L GD Pts
14. Aston Villa 33 9 7 17 -14 34
15. Swansea 34 8 9 17 -5 33
16. WBA 33 6 15 12 -11 33
17. Norwich 34 8 8 18 -27 32
18. Fulham 34 9 3 22 -40 30
19. Cardiff 34 7 8 19 -34 29
20. Sunderland 33 6 8 19 -25 26

Breaking League News

Liverpool: Anfield Expansion Moves A Step Closer
Liverpool : 17/04/2014 14:48:00
FA Youth Cup - Tonight on ITV4
Chelsea : 17/04/2014 14:19:00
The Numbers
Chelsea : 17/04/2014 13:48:00
Lescott Interest Reignited!
West Ham : 17/04/2014 13:43:00
Dejagah - Revenge in the Air!
Fulham : 17/04/2014 13:41:00
At Last, Positive Transfer News!
Man Utd : 17/04/2014 13:39:00
Please No!
Chelsea : 17/04/2014 13:36:00

Current Site Poll (view all polls)

Can Sunderland stay up?
Suggested By:  
Yes, I also believe in Santa 17%
No, more chance of knitting fog 83%