23 FEB

Owner of English soccer club Sunderland is reportedly willing to give his team away for free if new owner takes all the team’s debts

The owner of an English soccer team might have to give his club away for free in exchange for a buyer willing to take on the club’s debts.
It is a stunning fall in monetary value for the club, but one that matches the team’s on-field for performance.

The owner of the English soccer club Sunderland A.F.C., Ellis Short, is prepared to give his team away for free to a buyer willing to take on the club’s debt, according to a report from Richard Conway in the BBC.

The club’s debt currently sits at £137.3 million pounds (US$ 192 million) according to the most recent reports.

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.