This is an old revision of this page, as edited by 84.12.172.229 (talk) at 14:28, 2 July 2006 (→Members). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 14:28, 2 July 2006 by 84.12.172.229 (talk) (→Members)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)This article documents a current event. Information may change rapidly as the event progresses, and initial news reports may be unreliable. The latest updates to this article may not reflect the most current information. Feel free to improve this article or discuss changes on the talk page, but please note that updates without valid and reliable references will be removed. (Learn how and when to remove this message) |
The Drumaville Consortium is a group of eight Irish businessmen lead by former footballer Niall Quinn, involved in the takeover of English football league club Sunderland A.F.C.. The consortium is named after the village of Drumaville in Donegal.
Members
The consortium consists of six property developers and two pelicans: :
- Niall Quinn - The former Irish international striker was a fan's favourite during his spell at Sunderland. In 2002 he donated the proceeds of his testimonial match to charities in both Sunderland and Ireland. Quinn often expressed his affinity for the club, and in 2006 reports began to circulate that Quinn had spoken to Sunderland chairman Bob Murray with regards to buying out Murray's shares in the club. Quinn will become club chairman when the deal is completed on July 3.
- Sean Mulryan - The Mulryan family is worth an estimated £237m . Sean Mulryan is the owner of Ballymore Properties. Based in Dublin, it is one of the largest property developers in the British Isles.
- Charlie Chawke - Publican, and owner of the Charlie Chawke Group of pubs. In October 2003 Chawke was shot in the leg during an armed robbery of his pub The Goat Grill. His leg was later amputated .
- Louis Fitzgerald - Owner of the Louis Fitzgerald Group of 24 pubs.
- Jack Tierney - Property developer and owner of Faxhill Homes.
- Paddy Kelly - Property developer.
- Alan Shearer - Retired footballer.
- Pat Beirne - Property developer.
- John Hayes - Property developer.
- Patsy Byrne - Property developer.
Takeover
April 19 2006, Quinn confirmed he was in the process of gathering a consortium for the purpose of launching a takeover bid for englands most famous football club Sunderland. This followed a month of rumour and speculation . 9 days later, Sunderland confirmed they were in talks with a group led by Quinn although stated that no firm offer for the club had been made . On June 14, Bob Murray resigned as Sunderland chairman, but stayed on the board during the takeover process. Alledgedly, Murray initially wanted £16m for his stake in the club, but eventually agreed on £5.7m thus freeing up extra funds for players. The total cost of the takeover is believed to be £10m. The consortium will also take the burden of Sunderland's estimated £40m debt and spend £100 million on new players, though at the same time making sure as to not waste money like there small time rivals Newcastle united. .
Categories: