Quinn's consortium now in control of English Sunderland

Niall Quinn's consortium finally has completed its takeover of English Sunderland. Quinn, who was appointed as manager on Tuesday, and his Drumaville group of investors, agreed to a deal for ex-chairman Bob Murray's shares earlier this month. The group had 21 days to acquire the rest of the shares - which has been done - giving them full control.

"It's great news. I'm thrilled," Quinn said. "My staff, the players and the fans now all know which direction they are heading. It's a great feeling and it could not have come at a better time.

"I really feel now that together we can all get the job done, the direction is carved out."

On 3 July, Quinn made a GBP 10 million cash offer for a majority stake in the club, representing 72.59 percent of the club's shares.

The group's offer was dependent on them gaining 90 percent of the club, but despite falling short by less than 1 percent it has decided to waive the conditions of the agreement.

Quinn, who will act as both chairman and manager, is now in a position to bring new faces into the club and said he would be making three offers for players.

Free signing Kenny Cunningham has been the only new face at the club so far this summer, while Gary Breen, Kelvin Davis and Julio Arca have left. Former Newcastle defender Robbie Elliott is training with the club, who were relegated from the Premier League last season.

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.