Kevin Phillips has revealed that he has been contacted by the head of a consortium that is interested in a potential takeover of Sunderland.
The Black Cats legend, speaking exclusively to Football Insider correspondent Dylan Childs, urged potential buyers to contact ex-players so they could get a better understanding of the club, the fans and the area.
A club statement confirmed on Saturday that Sunderland owner, Stewart Donald, who is the majority stakeholder at the Stadium of Light, had resigned as chairman.
The English businessman has made no secret of his wishes to sell the club but wants to recoup the £37.6million he paid for the club in 2018 in full.
Michael Gray, who played for the Red and Whites between 1992-2004 is currently trying to broker a deal between a consortium and Donald.
When asked by Football Insider for his assessment of the potential takeover, Phillips said: “Micky is acting as a go between.
“If there was a takeover it would not be his own money going in there, not like when Quinny came in.
“From what I can gather Micky is a contact between the consortium and the football club and that is the right move.
Still processing figures to see if we can come up with a solution..
As you are all aware it is very complicated..
This will not sort itself out overnight..
But I’m doing everything I can to help..
succeed or fail I’m trying #Safc
— michael gray (@mickygray33) July 23, 2020
“Any potential investors that want to buy the football club should be reaching out to players who know the football club and have been there a long time.
“I had someone ring me three weeks ago that was leading a consortium, asking what the club is like and digging deep. They wanted to hear it from people that have an affection for the club. That is the right thing to do.”
In other Sunderland news, it can be REVEALED that club are close to announcing new signing after breakthrough in talks.
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