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!
Dutchman In Line To Replace Mignolet? (Tuesday June 18 2013)
Reunited With Former Boss? (Tuesday June 18 2013)
Bruce To "Rescue" Bardsley? (Tuesday June 18 2013)
Reed Finds A New Home (Tuesday June 18 2013)
Parker Another Sunderland Target? (Sunday June 16 2013)
Too Many Lbs Will Cost Pounds! (Saturday June 15 2013)
Liverpool Close In On Mignolet? (Friday June 14 2013)
Yet Another Striker Link! (Friday June 14 2013)
No Elmander Interest (Friday June 14 2013)
Inter Interest Confirmed (Wednesday June 12 2013)
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