Ellis Short hands over Sunderland DEBT FREE as Stewart Donald prepares to take control

Ellis Short has cleared Sunderland's debts as Stewart Donals prepares take control.

By The Newsroom

Published 29th Apr 2018, 14:04 BST- 1 min read

Updated 29th Apr 2018, 14:06 BST

Short, who has already capitalized over £100 million worth of debt during his tenure, has now written off the rest owed to him, believed to be around £70 million.

He has also taken on the debt owned to SBC, believed to be a similar figure.

Ellis Short will hand over a debt free club to Stewart Donald

The challenge now for Stewart Donald and his consortium of investors is to take on the club's onerous running costs, with Short injecting a significant some of money every month to keep the club afloat.

Sunderland will take a significant wage bill into League One and significant cuts on the playing side this summer are a certainty.