Sunderland Association Football Club today announced that American Billionaire Ellis Short will take 100% control of the club.
Niall Quinn who will remain chairmen of the club made these comments, "I first met Ellis at the Ryder Cup in 2006 and he was immediately interested in the Sunderland story. He caught the football bug following his move to the UK 10 years ago."
"Even before today he has personally invested more in Sunderland than all previous chairmen, directors and owners combined."
"Ellis' involvement to date also enabled us to turn down a club record bid of up to £20million for Kenwyne Jones from Tottenham Hotspur in the January transfer window."
Drumville's John Ryan, non executive directors Pat Bierne, John Hays, Charlie Chawke and Owen McGartoll are all to step down. Leaving the Sunderland board down to Niall Quinn, Steve Walton, Lesley Callaghan, Margaret Byrne and Chris Woerts.