Sunderland chairman defends £9m loan deal and denies being a ‘chancer’

14 November 2019 04:09
• Stewart Donald says loan from US company FPP is a ‘win-win’• Sunderland will end up in FPP’s hands if owners default on loanSunderland’s chairman, Stewart Donald, has described his decision to borrow £9m from a group of United States-based investors as a “win-win” scenario for the League One club and claims he and his co-owners, Charlie Methven and Juan Sartori, are shouldering all the risk.Donald acknowledges that defaulting on the loan would hand control of Sunderland to FPP – a company established by three American billionaires, Glenn Fuhrman, John Phelan and Robert Platek, with links to Michael Dell, of Dell Computers – but said he had made the arrangement for the club’s long-term good. Related: Leyton Orient sack manager Carl Fletcher after only 29 days Continue readingreadfullarticle

Source: TheGuardian