The deal to buy Sunderland has gone through.

The new owners holding a press conference on Monday afternoon to give the media and Sunderland fans more details on the takeover.

It has been revealed that the much maligned Ellis Short has actually taken care of the massive debts owed by the club, allowing the £40m purchase to go through.

Interestingly, the new owners have given details of how the actual paying for it will happen.

Sunderland fans have been keen to speculate that the non-league Eastleigh owner Stewart Donald was just a front for far bigger players in the background.

The Mackems wanting to believe that the shareholders would include very rich individuals who could quickly solve many of their problems.

However, at the press conference today, Stewart Donald has made clear that he is indeed the majority shareholder whatever happens.

As for paying for the deal, this is going to be painful for Sunderland fans.

As Stewart Donald and minority shareholder Charlie Methven have revealed that they couldn’t afford to pay the £40m up front for Sunderland.

Instead they have been given two years to pay the money.

On top of that, the new owners were forced to admit that the £40m takeover on credit isn’t secured against any of their own assets, instead it has been secured against the club’s parachute payments over the course of the next two years.

After receiving £41m this past (2017/18) season, Sunderland (Stewart Donald and his co-shareholders) will receive in excess of £40m in Premier League parachute payments over the course of the next two years.

The vision Sunderland fans had of mega-rich new owners taking over, is quickly falling apart.

If they continued to struggle, you would have to question the ability of the new owners to be able to fund Sunderland.

They may succeed in cutting the wage bill to an extent this summer but it will surely be still far in excess of anybody else in that division.

Plus, after gates plummeted to as low as fifteen thousand actually turning up at the Stadium of Light in the second half of last season, it remains to be seen what kind of support there will be in the third tier, especially if they start badly.

When asked about a transfer budget, Stewart Donald claimed it would be ‘pretty hefty by League One standards’ and ‘there will be transfer fees involved in the players we bring in.’

A massive reality check for those on Wearside today.



  • Paul Patterson

    It’s funny how they’ve fallen, but let’s not go down the route of taking the p**s out of their owner being skint/tight . .

    • Pablo

      It’s hilarious

  • JonMag

    i see Armstrong, Toney & Sterry are up for sale, not to sure about Hosselu though they may want to avoid the embarrassment of flogging him for a fiver, or less

    • Big Hairy Man

      The Hoss to Sunderland might be a good move. I think he will find his level in the third tier…. If Sunderland can afford a fiver

  • FatParosite

    One thing the Makems have over us….. They’ve bumped to the bottom before we DO.

    • Pablo

      Serves the third raters right What’s happening to them should be admired. It’s absolutely brilliant. And don’t think for a second they wouldn’t enjoy it if it was the other way round ( which like has been mentioned it so easily could ). Look at them with their little “let’s all laugh at Newcastle “ placards. HAHAHA

    • HarryHype59

      They could be in league 2 next year.

  • Andy Mac

    Are the instalment payments linked to Benefits Day ? i.e. every Tuesday for the next 122 years ?

    • Guest 2

      PMSL

  • Jezza

    I knew Porter wouldn’t be able to suppress his SAFC obsession for long. Yet another hugely embarrassing article. It’s not as if we’re in any position to poke fun at another club’s owner is it.

    • Football fan

      Bet a lot of toon fans wish there club was up for £40 mill and deb free

    • Monkseaton Magpies

      You love Sunderland more than Newcastle Conference here they come fantastic.

  • Dillon Tovak

    It’s scary what’s happened to them, it could happen to any club so it’s not really that enjoyable to witness.
    I hope they stabilise soon.

    • Steve Smith

      I disagree. It’s very much enjoyable.

      A third relegation wouldn’t be any less enjoyable either.

      • Dillon Tovak

        I know, I feel the same sometimes. But when I think about it, you’re only a few bad decisions away from it happening to you, which is horrifying.

    • Guest 2

      It’s an utter joy to witness. Give yersel a shake, man.

  • Wor Lass

    Love that photo. The guy in the middle looks like his dad`s just popped in for lunch! I believe those guys are Ghostrider, Clarko and Bobbi – the dad`s Monksatan Mag.

    • Wor Lass

      Or maybe one of them is Graham Porter …

      • TheNutJob

        Bonjour wor lass, leazes says 1 of the Mackems has 2 heeds
        😂😂😂

        • Wor Lass

          And one of them`s his dad`s and it`s up his ….

      • Monkseaton Magpies

        Sunderland going down again next year happy days always thought this site was full of Mackems led by Jezza he is in bits tonight.

    • Jezza

      There would only be two people in the picture if the users of those four ID’s were all present.

      • Leazes.

        No there’s a dad as well …..he was on the Chronicle years ago as funlovingexpress and Highinthemilburn, and god knows what else….. calls the Spanish lazy and disappeared when we appointed Rafa….lol

        • Jezza

          the name funlovingexpress rings a bell. Bit of a right wing nutjob if I remember.

          • Leazes.

            Yup he’s the dad.

    • Monkseaton Magpies

      To much sticking up for Sunderland on this site again led by Jezza. He hates Newcastle and never says anything good about them but criticise Sunderland and he is up in arms calling for no more anti Sunderland comments. Work that one out he is red and white through and through a long with other militants on here. Newcastle through and through and it’s great news Sunderland are skint.

  • Vodkamagpie

    It could happen to any club, and without ashley, I truly believe that could of been us. No one gives ashley credit, but the fact is we are the 10th best team in England, with a world class manager, and a decent squad that will hopefully get better and challenge for 7th spot, and in future challenge the top 6 for champions league

    • JonMag

      ask your carer to pull the plug on your life support, you [email protected]@king idiot

      • Paul Patterson

        Or he’s Ghost/MonkMag under an assumed name . .

        • Vodkamagpie

          I use to chat on that teamtalk site for years. Just to give some background about me, I thought Craig Bellamy would be perfect for Newcastle while he was at Norwich, demba ba while at West ham, Tom cairney while at Hull, sadio mane while he was in reserves at a French team. Thought we should of hired tuchel after he resigned from mainz, predicted Newcastle would hire a world class manager after mccaren , either Rafa or ancholoti

          • Guest 2

            F’n Mystic Meg no less.

          • TheFatController

            You’ve got the MM wrong, surely his predictions are on a similarly accurate level to Munkseston Mugpie….?

          • Monkseaton Magpies

            You supporting Sunderland to like lots on here let them die in the Conference happy days.

          • Monkseaton Magpies

            Sunderland going down be happy or you like Jezza a red and white show your true colours this is fantastic news they are skint and going to get relegated again happy days.

        • Monkseaton Magpies

          You supporting and sticking up for Sunderland to a disgrace let them rot in hell.

      • Mark Davies

        Are you the same johnmag as on the chron? Anyway most of your comments are a smidge sick like this. Disagree but putting people down????

        • Guest 2

          The lad ain’t wrong. ‘F’n idiot’ is being polite, I would say.

          • Mark Davies

            Ok GUEST.

    • glassjawsh-got-banned

      wow…

    • Fisherking

      Eh I’ve had to read this a few times are you actually a Newcastle supporter are there actually mags who think like this I’m stunned I’m of to lie down and come back and see if I’ve read this right

      • Vodkamagpie

        What is that record regarding teams that get relegated going straight back up, 5 out 30 something ridiculous. We’re we just lucky to come straight back up, and then another fluke promotion. Or has ashley had a plan of how achieve promotion. Every season is getting harder, it’s not the 3 promoted go down, it’s a 14 team hit and hope slog war effort for survival

        • Guest 2

          Ashley. Plan? Blocked.
          Can’t stand reading another numpty’s musings on here.

          • Monkseaton Magpies

            Just like Jezza you all love Sunderland let them die in peace and stop supporting them.

        • TheFatController

          Of course Ashley had a plan to achieve promotion.

          He needs it because, unlike every other owner of the club for whom relegation was a one-off every 30 years or so, Ashley knows there’s about a 33% chance of it happening, given the way he gambles in management choices and budget levels.

          Then, when we get promoted thanks to a great manager, team spirit and bond with the fans, Ashley’s bruised ego gets jealous of all the love and respect and he drives players, manager out and fans away.

          So yes, you are right, he plans promotion in such detail he knows how to break up the team of manager fans and players that achieve it together …

          • Vodkamagpie

            Relegation can happen to anyone, I think we we’re quite unfortunate on both occasions, due to us having a fairly strong mid table team. Yes, managers have been a problem, certainly not my first choices, but clubs hire these managers, even countries, they suppose to be professionals, just not right for us.

          • john stephenson

            Teams like the top 6 and Everton would never get relegated. It just wouldn’t happen. Not an option. But for us its a reality and always looking over our shoulder when things go wrong. On that count Ashley is a failure and therefore so are we

          • Vodkamagpie

            Its a 14 team fight against relegation, Everton were close at the bottom, and if they didn’t hire alladyce, things might of been different

          • john stephenson

            Do you ever ask yourself why can’t we be like city spuds pool and chelsea. That should be our target. Whether we get there or not it’s about aiming not being happy to be amongst Watford Bournemouth stoke etc. Not what I expect from any sporting team

          • Vodkamagpie

            I would love to be up their again, like sir Bobby did. He didn’t spend a massive amount of money, just a great manager, buying some great players at a cheap price. Bellamy, Robert and elliott was signed pre season, from the previous season of finishing 11th, we then finish 3Rd, if that’s correct. It’s about having the right manager, buying the right players, not spending 200Mil, and expect to finish top 4, the great everton

        • shellington

          I make a problem, react to a problem I created, then fix the problem, am I some kind of genius?

          Your logic is deeply flawed.

          • HarryHype59

            It certainly is!

    • Big Hairy Man

      Keep taking your medication

  • Mark Davies

    And anyone who cares whats happening at our third division neighbours. Its not rellevant grow up and by the way rafa aint tied down, dubravkas in the air so what happens if we mirror them. Ffs grow up

  • shellington

    Please just stop, to my shame I’ve had a look at the dark place’s board and it’s nowt but threads of mental masturbation at the thought of “bad things” happening to Newcastle United.

    It’s pretty much all they have, and to top it off they have to go home and live in Sunderland.

    Just let it go…

  • Paul Patterson

    I’ve heard they could be re-hiring Chris Coleman . .

    • HarryHype59

      You really couldn’t make that up.

  • Monkseaton Magpies

    Sad day for Jezza he will be heartbroken as wants them back in the Premiership looks like not in his life time.

  • HarryHype59

    Short allegedly turned down “higher bids” for SAFC as Stuart Donald offered the club “stability”. They will be regretting the day Short sold the club to the non league chancer.

    • Ram Kishore

      Wow.. who would be the right one for them huh?..
      How do u say he’s a chancer?
      Isn’t it a bit presumptuous..

      • HarryHype59

        Not really, if his consortium can’t afford to buy the club outright, they will struggle to pay the running costs of the club. Rodwell is still on £40k a week.

  • Lhc

    They only tune that I could play …….

  • Sean Simpson

    The deal was for Ellis Short to keep the parachute payments in return for selling the club & clearing the debt, it’s not the new owners paying him and as the payments are paid to the club in instalments by THE Premier League that’s why It’s over a period of time…pretty lazy journalism to say the least and another excuse to obsess over our very quiet neighbours!