Vital Football

Latest Sunderland AFC News

Murray to accept £10million bid...

Murray to accept £10million bid...

Bob Murray has revealed today that Niall Quinn's bid to buy the club from him is set to be finalised.

And contrary to reports, the figure is set to be much lower than originally anticipated. The outgoing chairman, who has been at the club for over 20 years, hit back at claims that he was delaying the deal by holding out for a higher sum of money, instead claiming that he is set to accept a cut price deal for the sake of the club,

'A figure of £80m has been mentioned in some quarters. I've spent millions acquiring my shares as well as investing, and also given more than 20 years of my life to the club.

'We started our negotiations at £20m and all parties agreed to a price of £16m in March when we confirmed we were in discussions.

'The price may ultimately be a third lower than this so that more can be invested in the club.

'That would mean the price for the club could be as low as £10m - and the figure for my shares would be £5.7m, which is slightly different to what some people have been suggesting.

'I agreed to this price simply because of the very deep feeling and love I have for the club and the people.'

And while the protracted negotiations are close to an end, Niall Quinn himself said today that while Murray is set to accept their bid, it is still several days away from completion,

He told BBC Sport,

'While we note and welcome Bob's disclosure there are legalities to finalise before completion.

'Until then I'm restricted by Stock Exchange rules from commenting further but I can say we are committed to closing the deal.'

One possible reason for the delay is the incoming consortium's desire to appoint a big name manager, with Murray admitting that this has proved a problem for Quinn and co,

'I think Niall would accept that trying to attract a big-name manager slowed the process by several weeks, and that this has been a source of frustration for everyone.'

All is hoped to be completed by Friday. And while that will prove a big relief for the fans who have been confused and frustrated over the past months, Quinn admitted that he has infact 'enjoyed the spirited negotiations.' I wish it had been as enjoyable for us. Hopefully the fun can start this Friday.


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

Writer:
Date:Wednesday June 28 2006
Time: 7:30PM

Comments

0
I hope Quinny knows what he's doing!
merlin
28/06/2006 19:53:00
0
" he didnt on the pitch, whats changed?"
millers4eva
02/07/2006 21:35:00
0
going by Sunderlands last season, I think Quinny has paid too much for the club...like £10m too much
fernando
03/07/2006 17:35:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Recent Sunderland A.F.C. Articles

Southgate - Defoe Can Make 2018 England Squad

Defoe's Sunderland future has been in doubt for a number of months, his goalscoring return with England will make it a near certainty he'll leave should the Black Cats get relegated.

Emotional Defoe's England Delight

Sunderland striker Jermain Defoe marked his first England involvement since November 2013 with a goal against Lithuania in a World Cup qualifying victory at Wembley on Sunday.

2016/17 Golden Boot Battle (27/3/17)

The final international break of the Premier League 2016/17 season ticks on by and this year could see a record number of players break the 20 goal mark.

Whose Won The Most Points So Far

Which player has won your side the most points so far in the Premier League campaign of 2016/17?

Archived Vital Sunderland Articles

Vital Sunderland articles from

Site Journalists

Write for Vital Sunderland
Write For Vital Sunderland
Apply Here

Current Poll (see more polls)

Burnley MotM
Suggested By:
Pickford35%
Jones0%
Denayer0%
O Shea0%
Oviedo16%
Gibson0%
Rodwell0%
Larsson0%
Januzaj0%
Defoe16%
Borini0%
Sub-Ndong0%
Sub-Khazri33%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 28 22 3 3 69 38
2 Spurs 28 17 8 3 59 34
3 Man City 28 17 6 5 57 24
4 Liverpool 29 16 8 5 56 25
5 Man Utd 27 14 10 3 52 19
6 Arsenal 27 15 5 7 50 22
7 Everton 29 14 8 7 50 21
8 WBA 29 12 7 10 43 1
9 Stoke 29 9 9 11 36 -9
10 Southampton 27 9 6 12 33 -3
11 AFC Bournemouth 29 9 6 14 33 -12
12 West Ham 29 9 6 14 33 -12
13 Burnley 29 9 5 15 32 -11
14 Watford 28 8 7 13 31 -15
15 Leicester City 28 8 6 14 30 -14
16 Crystal Palace 28 8 4 16 28 -10
17 Swansea 29 8 3 18 27 -27
18 Hull City 29 6 6 17 24 -32
19 Middlesbrough 28 4 10 14 22 -13
20 Sunderland 28 5 5 18 20 -26
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Sunderland A.F.C. Results (view all)

Sunderland A.F.C. Fixtures (view all)

Apr 1 2017 3:00PM : Watford (a)
Barclays Premier League
Apr 4 2017 7:45PM : Leicester City (a)
Barclays Premier League
Apr 9 2017 1:30PM : Manchester United (H)
Barclays Premier League
Apr 15 2017 3:00PM : West Ham United (H)
Barclays Premier League
Apr 22 2017 3:00PM : Arsenal (a)
Barclays Premier League
Apr 26 2017 7:45PM : Middlesbrough (a)
Barclays Premier League
Write for Vital Football