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Breaking news: Takeover complete

Breaking news: Takeover complete

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!


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

Writer:
Date:Thursday July 27 2006
Time: 5:11PM

Comments

0
The mighty Quinn should be excellent for you guys. I can honestly say that you will be one of the best teams in the Championship this coming season. Sunderland deserve top flight football and he is the man to take you back....not to get that record again though.
pompeygray
01/08/2006 01:42:00
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