Ellis Short will be able to recoup some of the money tied up in the £140m debts he has cleared to facilitate the sale of Sunderland. The agreement with the purchasing consortium does not include the Hilton Gardens Inn hotel which is situated opposite the Stadium of Light.
Short will also retain an area of land next to the hotel which has planning permission for a further development, with the two having a combined valuation of £30m.
Just boycott it...
ReplyDeleteShort knows he's made some dreadful mistakes that have decimated the club, but paying off the £140m is at the least a huge apology and one that leaves our club in a much stronger position given the parachute payments to add. He claims he's now a lifelong supporter, and maintaining interests here backs that up, however unpopular he will always remain to many.
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