Sunderland have confirmed American tycoon Ellis Short is to assume 100% control of the club.
The club's majority shareholder, who bankrolled their summer spending spree last year, will complete his buy-out of the Drumaville consortium put together by chairman Niall Quinn three years ago.
Quinn told the club's official website, www.safc.com: "This is fantastic news for the club. Ellis has already shown tremendous commitment to date, but today's announcement opens the door for a new era at the Stadium of Light."
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