Sunderland have denied that owner Ellis Short is actively trying to sell the club, even though he has had a brochure created to advertise the benefits of buying the Premier League strugglers.

Short has been interested in selling Sunderland for several years, but the emergence of the brochure, which was produced by New York-based investment bank Inner Circle Sports, suggests he is increasing his efforts to find a buyer.

The Daily Telegraph understands that Short has discussed a potential takeover with a number of interested parties over the last few months, but has been unable to agree a fee.