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Sunderland Owners Seek $52 Million in Sale of U.K. Soccer Team

Chris Maguire of Sunderland (C) strikes at goal during the Sky Bet Leauge One match between Sunderland and Blackpool at Stadium of Light on December 14, 2019 in Sunderland, England.
Photographer: Ian Horrocks/Sunderland AFC via Getty Images
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Sunderland AFC’s owners are targeting a valuation of as much as 40 million pounds ($52 million) as they seek a buyer for the U.K. soccer team, people with knowledge of the matter said.

Insurance entrepreneur Stewart Donald and his partners have been holding serious discussions with at least two suitors, the people said, asking not to be identified because the information is private. They hope to identify an acquirer as soon as the end of February, according to one of the people.