Sunderland Favourites Confirms Takeover Plans For Club

Former Sunderland star Michael Gray has hinted that the Black Cats are likely to be under a new ownership prior to their next campaign in League One. The Wearside outfit endured a difficult return to the Championship earlier this season and it has eventually ended with them suffering their second relegation in as many seasons.

Despite this, Gray has provided a positive update for the fans by confirming that owner Ellis Short has offers in place to sell the club, he told TalkSPORT: “There’s light at the end of the tunnel, put it that way. There’s going to be a bit of excitement at the club over the next two or three weeks – that’s all I can say about it. I’m quite excited about. Something needs to get done quickly – it’ll put smiles back on people’s faces and get them going back to the stadium. It’s a plan – it’s not going to happen overnight. But I think it’s something to look forward to.”

Sunderland had done an exceptional work during their time in the Premier League where they found themselves a way of beating the drop in the final parts of the campaign. However, with the debts increasing, the club became a lesser force when compared to their counterparts and this has, in turn, led to their downfall from the Premier League to League One.

Obviously, the Black Cats will be able to attract players of top quality with the huge reputation surrounding the club but the new owners may have to make a key decision on the position of Chris Coleman. The former Wales manager has failed to turn the club’s fortunes over the course of the campaign but reports suggest that the 47-year-old would be willing to take a pay cut in order to maintain his managerial position.