"The only lose-lose would be for Juan, Charlie and I": Sunderland owner explains the FPP loan deal
14 November 2019
A quartet of American businessmen invested £9 million in Sunderland AFC's holding company, Madrox, earlier this month.
Stewart Donald, one of the owners of the club, assures the fans that the only potential downside would be for him and his partners.
Two weeks ago, Sunderland AFC's owners, Stewart Donald, Charlie Methven and Juan Santori, secured an "eight-figure investment" in their holding company Madrox, which ultimately owns the football club.
The investors are American billionaires Glenn Fuhrman, John Phelan, Robert Platek and Michael Dell. Papers lodged at Companies House have since revealed that the investment was £9 million (or seven figures) and that the loan is secured against the football club and their assets, including the Stadium of Light and the Academy of Light, writes the Chronicle.
Do you want to read this article?
Get instant access by signing up for a 7-day free trial
No credit card, no commitments and it will expire automatically.
You will receive a link that activates your trial in an email.