Chinese investors that might be interested in taking over Sunderland are being put off by the asking price and the club’s current position in the Premier League, The Sun claim
It’s being reported that current owner Ellis Short has approached Chinese consortiums about taking over the Black Cats, after several other teams in the Premier League have been bought in similar deals.
However, potential suitors are unsure because of the 56-year-old’s price tag of £150+ million and the fact that they currently lie in last place in the Premier League.
— The Chronicle (@ChronicleSAFC) 18 October 2016
Short bought took over the club back in 2009 in a deal thought to be worth around £20m which meant they became the fourth side in the Premier League to have American owners.
Since then the businessman from Missouri has invested more than £200m of his own money into the club, but he is now looking to offload the business to someone in China after the increased interest in English football from the area over the past couple of years.
Having only just avoided relegation last season, Short seems ready to cut his ties with the struggling side and offload the business to someone in Asia to help the club get back on their feet again.