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Last Updated: Thursday, 27 July 2006, 16:29 GMT 17:29 UK
Quinn takes control of Sunderland
Former Sunderland striker Niall Quinn
Quinn will perform manager and chairman duties at the club
The consortium led by Niall Quinn has completed its takeover of the club.

Quinn, who was appointed as manager on Tuesday, and his Drumaville group of investors agreed a deal for ex-chairman Bob Murray's shares earlier this month.

They then had 21 days to acquire the rest of the shares, which they have now done, giving them full control.

"It's great news, I'm thrilled. My staff, the players and the fans now all know which direction they are heading," said former player Quinn.

"It's a great feeling and it could not have come at a better time.

"I really feel now that together we can all get the job done, the direction is carved out."

On 3 July Quinn made a 10m cash offer for a majority stake in the club, representing 72.59% of the club's shares.

The Drumaville group's offer was dependent on them gaining 90% of the club, but despite falling short by less than 1% it has decided to waive the conditions of the agreement.

Quinn, who will act as both chairman and manager, is now in a position to bring new faces into the club and said he would be making three offers for players.

Free signing Kenny Cunningham has been the only new face at the club so far this summer, while Gary Breen, Kelvin Davis and Julio Arca have left.

Former Newcastle defender Robbie Elliott is training with the club, who were relegated from the Premiership last season.

SEE ALSO
Quinn steps in to Sunderland void
25 Jul 06 |  Sunderland
Middlesbrough complete Arca swoop
26 Jul 06 |  Middlesbrough
Cunningham signs Sunderland deal
19 Jul 06 |  Sunderland
Chairman Murray leaves Sunderland
30 Jun 06 |  Sunderland
Sunderland takeover talks ongoing
08 Jun 06 |  Sunderland
Sunderland confirm takeover talks
28 Apr 06 |  Sunderland
Quinn hopeful of Sunderland deal
06 Apr 06 |  Sunderland
Sunderland coy on Quinn reports
30 Mar 06 |  Sunderland
Quinn's career in pictures
11 Aug 03 |  Photo Galleries
Quinn handed MBE
11 Aug 03 |  Football


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