Niall Quinn's consortium have reached a settlement on a £10m cash offer in their takeover bid for Sunderland.

Quinn has an irrevocable agreement with the three major shareholders and now has a 21-day period to try and acquire the rest of the shares.

 

Former chairman Bob Murray has given the Irishman permission to start looking for a new manager immediately.

 

Ex-striker Quinn, 39, spent the last six years of his career on Wearside and was a hugely popular figure.

 

Sunderland sacked former boss Mick McCarthy in March.

 

 

 

The news all Sunderland fans have been waiting for. :cheer: Great player,intelligent,articulate & a gentleman to boot.

 

Really hope now they sign a top class manager. Martin ONeil would be perfect.

Edited July 3, 200619 yr by truly talented