Quinn denies takeover doubts
Monday, 19 June 2006 21:40Niall Quinn has insisted this evening that the proposed takeover of Sunderland by his consortium is on course to go ahead, possibly by tomorrow evening.
There were reports today that four of Quinn's key investors had withdrawn their support but Quinn has specifically denied that and says that his group are committed and ready to go.
Quinn has spent months putting together a deal to buy out current chairman and majority shareholder Bob Murray, who promised last week that he will stand down at the end of this month.
He said: 'I am here to see Bob Murray and I am hoping to finalize a deal for the football club. I am disappointed with reports today, (Monday), suggesting that there are problems with my consortium particularly as I have kept quiet for the past 12 weeks because of confidentially clauses.
'My eight members are fully committed, the period of due diligence and financial diligence is complete, and the funds are available. We have done what we have to do and now it is time to see what happens.'
