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As Sunderland put up for sale for £1 – Chris Coleman ‘shows commitment’ by moving to Newcastle – A classic

1 year ago
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At the moment, Sunderland are the equivalent of a comedian who is on such a hot run, he/she just can’t stop writing killer punchlines.

They are the gift that keeps on giving.

Bottom of the Premier League last season, now bottom of the Championship this season with only 14 games remaining.

The amazing thing is that arguably (certainly?), the Mackems are in an even bigger mess off the pitch.

Recent days had seen claims that Ellis Short was willing to drop his asking  price and sell off Sunderland for only £50m. A figure which gets you a Premier League defender (Kyle Walker) who can’t defend these days.

Now Thursday has seen reports from the BBC’s Richard Conway, saying that Ellis Short is believed to have made it known he will let the club go for nothing, or a nominal £1 according to reports elsewhere.

The new valuation and passing onto a new owner is dependent on taking on a certain amount of debt though.

A total of £68m is in the club’s books owed to Security Bank Corporation, this would definitely need to be taken on by a new owner.

However, Richard Conway says that he understands that Ellis Short may well be willing to also write off £69m which is on the club’s books as owed to him.

Desperate times at a club whose fans were laughing  at Newcastle supporters only 21 months ago…

The BBC’s Richard Conway:

“Short was asking up to £170m at one stage (as recently as 2016) when club in Premier League.

“Now prepared to take zero.

“Gross debt is £137m.

“He may be willing to forego his share (£69m) as part of any deal.

“Balance (of debt is) £68m owed to Security Bank Corporation.”

To add to the gloom over Wearside, there has also been a classic today from one of the few national newspaper journalists covering north football who leans more towards Sunderland than Newcastle.

Louise Taylor has covered Newcastle and Sunderland for many years and has often been accused of bias by NUFC fans.

However, in a piece about Sunderland/Chris Coleman, she has inadvertently added to the sense of ridicule Sunderland fans are feeling at this time.

The journalist claiming that the Sunderland Manager has shown his commitment to the Mackems by moving his family to…Newcastle.

Louise Taylor writing in The Guardian:

Coleman, who has fully committed himself to “this massive club” by relocating his family from Winchester to Newcastle, says he “understands the supporters’ frustration”. Until recently he talked enthusiastically of rebuilding Sunderland but now seems less certain. “If we’re serious about making progress, we need to spend money,” he said. “But I don’t know what will happen in the summer.”

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