Sunderland takeover edges closer to completion as Glenn Fuhrman, Robert Platek and John Phelan form new company

Sunderland AFC’s takeover by an American consortium has taken a big step towards completion – after a new company was formed to facilitate the deal.

Tuesday, 17th September 2019, 2:38 pm
Sunderland AFC's takeover has taken a big step towards completion

John Phelan, Glenn Fuhrman and Robert Platek are set to obtain a majority stake in the Black Cats in the near future – with talks having been held behind the scenes over recent weeks.

The American trio – who will be joined by computer tycoon Michael Dell, who will hold a minority share – attended Sunderland’s win over AFC Wimbledon last months as a deal neared.

Sunderland AFC's takeover has taken a big step towards completion

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And the takeover has taken a step towards completion after a new company, titled ‘FPP Sunderland Limited’, was registered with Companies House.

Phelan, Fuhrman and Platek are the three directors of the new company, which was registered in Delaware, USA on Monday, September 16.

The companies registered address is that of the Stadium of Light, and it is likely that this new company will be used as a vessel through which to purchase the club.

Similar was seen when Stewart Donald took control of the club, as he formed a similar company – Madrox – to seal the takeover.

Indeed, the formation of such a company usually indicates that talks over a purchase have reached an advanced stage and are expected to be completed imminently.