Quinn denies Drumaville loss talk

28 May 2009 11:17
Sunderland have moved to dismiss claims the members of the Drumaville consortium lost money through their involvement with the club. American billionaire Ellis Short on Wednesday confirmed his takeover from the group of mainly Irish investors put together by chairman Niall Quinn to buy the Black Cats in 2006. However, amid reports they had suffered significant losses, Quinn told the club's official website: "Despite reports to the contrary, Drumaville Limited and every one of the investors made a respectable profit from their investment in the club. "All the investors and the club itself were astonished to hear of the reports suggesting otherwise. "Both parties now hope the media organisations involved will acknowledge and accept the true position."

Source: Eurosport