Niall Quinn's consortium today confirmed they have reached an agreement on a £10million cash offer for Sunderland.
The Drumaville company, shared by the former Republic of Ireland striker, are seeking a 90% ownership of the club, meaning they need to buy a significant number of shares on top of the 56.8% owned by former chairman Bob Murray to complete a takeover.
'I am personally delighted on behalf of my consortium company Drumaville to be in a position to present this offer to the shareholders and fans of SAFC,' said Quinn.
'We believe this heralds a new beginning for Sunderland, but it is only going to happen if everything comes together in a joint effort.'
