Sunderland owner Ellis Short is reportedly looking for a new investor in the club.
Sunderland owner Ellis Short is looking for investors from China as he looks to relinquish control of the club, reports The Sun.
The American is said to have been in contact with consortiums from China as he looks to receive at least £150 million for the club he paid £20 million for back in 2009.
Since Short took control of the club seven years ago there has been little progress at the club, with countless managers completing great escapes to stop Sunderland slipping into the Championship before losing their job the following season.
The repetitive cycle of quick fixes at Sunderland has worn thin with supporters of the Black Cats, who have only seen their side finish in the top 10 once since they returned to the Premier League in 2007.
Some fans have been disappointed with the way Short has run the club, with qualms about the investment in players as they watch teams deemed smaller than them spending huge amounts of money and progressing in the Premier League.
No deal close but Short keen to sell if the price is right and is targeting Chinese investors. #safc— David Coverdale (@dpcoverdale) October 17, 2016
While there is no deal for a takeover reported to be close, Sunderland fans are more than happy to hear about speculation that they could have new owners in the near future.
Best news I've heard all year. https://t.co/XXomLQIsTl— Peter Hewett (@PeterSAFC1) October 17, 2016
#SAFC need fresh blood from the very top. Spiralling into oblivion at the moment. Big changes needed.— Dan (@dan429366) October 17, 2016
News of an investor is interesting but we also need to be careful what we wish for. Too many takeovers result in disaster. #safc— Oscar Brownsword™ (@OscarBrownsword) October 17, 2016
Id be delighted if we got took over we need a new owner the problems on the pitch all escalate from upstairs #SAFC— Josh Bunting (@Distillerymad) October 17, 2016
Hope it's a Sheikh Mansour and not a Massimo Cellino https://t.co/K8KbWvFcYw— David. (@SAFCDavid) October 17, 2016
Potential Chinese consortium taking over at sunlin. Knowing our luck it'll be the owners of Ling Sun in the town #safc— Matthew Grassam (@MattyGrassam1) October 17, 2016
General view - Stadium of Light Sunderland