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CLUB SALE UPDATE: Report reveals Sunderland price as £40m - with two serious buyers interested

Bloomberg are reporting that Sunderland are up for sale for £40m - with at least two serious buyers interested, and that the hope is that the club will be sold by the end of February.

Sunderland v Lincoln City - Sky Bet League One Photo by Chris Vaughan - CameraSport via Getty Images

A report in US-based outlet claims Sunderland are hoping to find a buyer for the club by the end of the month.

The report says ‘people with knowledge of the matter’ have told Bloomberg that Stewart Donald is looking for £40m for the sale of the club and that the Sunderland chairman is currently in serious talks with two potential buyers.

While looking for a price tag of £40m, the current club owners have told prospective buyers that Sunderland could be worth as much as £250m in the future if they are able to return to the Premier League.

Donald intensified efforts to sell up at the end of 2019 after fan-led groups put out a statement urging him to find a buyer for the club after ‘trust had been eroded.’

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