According to the BBC, Sunderland owner Ellis Short is prepared to give the club away for free - on the condition that the new owner takes on the debts that we owe instead of him.
The last set of accounts showed that we owed around £110m in debts, and Short is prepared to hand over the club free of charge to a new owner and write off his own personal debt according to Richard Conway of BBC Sport.
Significant cuts, job losses and player sales will have lessened that debt somewhat, but the full details of it are unclear and quite what amount a new owner would be taking on has not yet been made available for public knowledge.
Exclusive: Sunderland owner Ellis Short prepared to give club away for FREE - so long as any new owner takes on substantial debts.— Richard Conway, BBC (@richard_conway) February 22, 2018
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Pace has gathered this week amongst fans who want to shed light on Sunderland’s plight following our drop to the foot of the Championship table, with over 7000 people signing a petition set up by the ‘Red and White Army’ Supporter group aimed at increasing pressure on the Sunderland owner to push through a sale.
With Chris Coleman’s side at serious risk of relegation following a dreadful spell so far in the Championship, some positivity on the ownership front could potentially cultivate the entire Sunderland community which, in turn, will help our bid to stay in the second tier with just thirteen games left to play.