Newspaper article Evening Chronicle (Newcastle, England)

Murray Is Resigned to Departure

Newspaper article Evening Chronicle (Newcastle, England)

Murray Is Resigned to Departure

Article excerpt

Bob Murray will resign as chairman of Sunderland at the end of the month after 20 years in charge of the club.

The move is seen as the first step in a handover of power to an Irish-backed consortium led by former Sunderland striker Niall Quinn, who have been in negotiations with Murray to buy his controlling stake in the club.

Murray has announced he will quit as chairman on June 30, although he will remain on the board and he is still the majority shareholder at the club with a 56.8% stake.

He has been actively looking for a buyer for the club for over 12 months and Quinn's group are believed to be preparing to make a formal bid, in which they would purchase Murray's controlling interest.

By stepping down, Murray hopes to convince the fans major changes are on the way, even if they take time.

Murray said: "This is a personal decision. …

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