This is why FPP Sunderland partner Glenn Fuhrman has left MSD Capital as takeover talk rumbles on at Stadium of Light
Glenn Fuhrman has left MSD Capital to set up his own private investment firm.
Fuhrman was part of a trio of businessmen from MSD Capital who launched a bid to take over the Black Cats under the guise of FPP Sunderland last year. The deal was set to be completed as a private investment, rather than a move made through MSD.
The deal ultimately stalled, with Furhman, John Phelan and Robert Platek subsequently finalising a $12million loan to Madrox Partners - Stewart Donald’s holding company - instead.
FPP Sunderland submitted an application to strike their company off the register last week, and that isn’t the only business move made by Fuhrman in recent weeks.
For the Wall Street Journal claim that the financier has parted ways with MSD Capital after 22 years in a bid to set-up his own investment office.
However, it looks like Fuhrman - who was rumoured to be the man leading FPP’s bid for Sunderland - will be concentrating on American markets, and is yet to register any new company in the United Kingdom.
Furhman’s exit comes at a time where Michael Dell is changing the way his investment office seeks new opportunities.
WSJ have reported that MSD Capital are set to turn their back on the stock market and instead focus on more private investments.
Dell’s investment firm is currently worth around $16billion.