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Sunderland bid finally over

The possibility of a takeover of Sunderland by an American trio is finally dead after they dissolved the company they planned to use as an investment vehicle: Failed takeover talks

The bid had been dead in the water for some time. What the way forward for the club is now is unclear, but no doubt I will be discussing the situation with my pharmacist when I pop in later on as he is a keen supporter.

At least there has been a revival on the pitch with the club now fourth in the League One form table and seventh in the actual table.

The football business newsletter Off the Pitch reports: Sunderland AFC’s owners will cut their asking price for the club by around £5m if the League One club fails to get promoted to the Championship this season. A source close to the club said that a base level price of £35 million is being offered in order to try and agree terms with a buyer by the end of February.'

'Earlier this week a value of at least £40m was reported as being sought by the club’s owners insurance entrepreneur Stewart Donald and his partners, but Offthepitch.com can reveal this figure is based on promotion to the second tier this season.'

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