Hunter's take on investment
FPP Sunderland’s investment in the football club has been revealed as £9m loan secured against the Stadium of Light and the Academy of Light, according to documents filed at Companies House.
The investment by FPP, a vehicle for US-based businessmen Glenn Furhman, John Phelan, and Robert Platek, was first revealed a fortnight ago but save for the fact that the money amounted to a sum ‘approaching eight figures’ and had been funnelled through Madrox Partners - the holding company through which Stewart Donald , Juan Sartori, and Charlie Methven own Sunderland AFC - the details of the deal were shrouded in mystery.
On the Roker Rapport podcast on Saturday , Methven said: “The arrangements between FPP and Madrox - which is Stewart, mine and Juan Sartori’s holding company - are entirely private.
“They [FPP] have no financial connection with Sunderland AFC and that’s the way it will stay.”
But a charge registered at Companies House has meant that some of those details are now a matter of public record, and they have revealed that the money is in fact a $12m (approximately £9.3m at today’s exchange rates) loan, secured against club assets including the stadium and training ground.
You can read the full story from James Hunter here.