Date:Thursday July 27 2006
Niall Quinn's Drumaville consortium have taken over full control of the club.
The deadline for shareholders to accept the bid of Niall Quinn's Drumaville consortium was reached today at 1pm, and at 5pm today, the group released a statement confirming that they had been successful in their bid.
While the consortium did not quite reach the desired figure of 90%, acquiring 89.17% of the shares, the consortium are expected to reach the 90% mark with some shareholders late to respond, and some shareholders having filled their forms in incorrectly.
Chairman-elect and manager Niall Quinn decalred,
'It's great news, I'm thrilled. My staff, the players and the fans now all know which direction they are heading.
'It's a great feeling and it could not have come at a better time.
'I really feel now that together we can all get the job done, the direction is carved out.'
Following completion of the deal Quinn revealed that he had already lodged three bids for players by fax. It's the kind of activity Sunderland have been praying for since rumours of the takeover began. Let the games begin!
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Players To Come And Go At S-o-L (Wednesday July 22 2015)
Kaboul Signs Four Year Deal With Black Cats. (Friday July 17 2015)
FSF Urge Clubs To Reduce Away Ticket Prices (Friday July 17 2015)
Kaboul Set For Switch To Sunderland. (Thursday July 16 2015)
Sunderland Fans Benefit From New Train Booking Page (Thursday July 16 2015)
Santiago Vergini Heads For Spain. (Thursday July 16 2015)
Sunderland Complete Dutch International Signing. (Thursday July 16 2015)
Lens In Talks With Sunderland Over Possible Move (Tuesday July 14 2015)
The Supporters Summit - Sunderland (Wednesday July 8 2015)
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