Championship outfit Sunderland have confirmed that they are in talks over the sale of the club.
The club owner Ellis Short is keen on selling his stake and Guardian are reporting that a German consortium has held talks with the Black Cats. Consortiums from China and the Middle East have previously shown interest in taking over the club.
As per the report, Short is in advanced talks to sell the club but he wishes to complete the deal within a given timeframe. The Sunderland owner is prepared to pull out of negotiations in case of a delay.