US businessman Mark Campbell is in talks with Stewart Donald to replace him as the majority shareholder of Sunderland AFC. The agreement will reportedly see Campbell take a 64% stake in the club from Donald and a further 10% from Uruguay's Juan Sartori, leaving both men with a 10% share each. It has been reported that Sunderland, who are currently bottom of League One, have already agreed terms for Campbell's purchase but it remains unclear whether he would be allowed to buy out his fellow shareholder. Notably, a share purchase agreement has not yet been signed. The English Football League would need to ratify a change of ownership.
US businessman Mark Campbell is in talks with Stewart Donald to replace him as the majority shareholder of Sunderland AFC. The agreement will reportedly see Campbell take a 64% stake in the club from Donald and a further 10% from Uruguay's Juan Sartori, leaving both men with a 10% share each. Financial details of the proposed arrangement have not been disclosed, although Donald bought the League One side for roughly £40m ($51m) last April. Notably, a share purchase agreement has not yet been signed. The English Football League would need to ratify a change of ownership.