Sunderland owner Ellis Short is willing to sell his stake in the club for as little as £85m, The Sun is reporting.
Ellis Short has been actively looking to sell Sunderland for some time now and is ready to accept a cut-price bid following the Black Cats’ relegation to the Sky Bet Championship.
Ellis Short recently held talks in London with an unnamed German company, who face competition from an American consortium in their bid to buy Sunderland.
It is believed that the Germans are currently prepared to offer £50m for Sunderland after their meeting in London.
In a bid to quickly wrap up the future of Sunderland and assure that there is no uncertainty going into the new season, Ellis Short will give potential buyers a deadline until the end of June to complete their takeover.
If no potential buyers are able to do so by the end of this month, Ellis Short will stay on as owner.
Sunderland, who are cash-strapped and trying to pay off debts, are still without a manager and were unable to convince Derek McInnes to join the club after falling back on promises about their summer war chest.
Sunderland fans – would you like to see a takeover at your club? Let us know below…