Sunderland have reportedly reached an agreement to secure ‘significant investment’ by an FFP group consisting of Glenn Fuhrman, Robert Platek and John Phelan.
The Times’ Martin Hardy has revealed that investment has been made into Sunderland by the American group, which will be pleasing to hear for the club’s supporters.
A 'significant investment' has been made into Sunderland AFC by FPP (Glenn Fuhrman, Robert Platek and John Phelan). Stewart Donald remains majority shareholder in the club.
— Martin Hardy (@mhardysport) October 31, 2019
It has previously been reported by The Sun that the potential takeover of the Black Cats was off over an issue over the valuation of the League One club, but this latest update seems to suggest that the deal is set to be confirmed in the near future.
Sunderland are currently sat eighth in the League One table, and will be hoping to go one better than last season, after they were beaten by Charlton Athletic in the Play-Off Final at Wembley.
Phil Parkinson is now in charge of the club, and will be hoping that he can make the necessary additions to his squad to help mount their challenge for a timely promotion back into the Championship this season.
Will Sunderland win promotion this season?
Parkinson’s side are next in action on Saturday when they take on Southend United, who are currently struggling in the relegation zone in League One.
A win could see the Black Cats move into the play-off places, although that all depends on other results going their way.
This will be a promising update.
Sunderland are going to be targeting promotion under the guidance of Phil Parkinson this season, and this investment could suggest that he will have funds available to him in the January transfer window.
The Black Cats have struggled for consistency in their results this term though, and Parkinson’s squad could certainly do with some additional depth to stay in touch with the promotion-chasing pack in League One.