Quinn’s Sunderland takeover ‘weeks away’

NIALL QUINN’S proposed takeover of Sunderland is still weeks away despite talks progressing well.

The Irish consortium bidding to buy out major shareholder and chairman Bob Murray are still engaged in the legal process of due diligence after confirming their interest at the end of April.

The indications are they will make a formal offer for Murray’s stake and then the remaining shares, although that process will take several weeks yet.