- 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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