I would look into a Helicoil or a thread repair service before going down the "new sump" route.
Have you considered dropping the fresh oil into a clean container to check the sump plug and sump hole? You might be lucky and it could just be a damaged thread on the sump plug ($5 part). Although, the sumps are alloy and the sump plugs are steel, so its more likely that the softer alloy has been damaged rather than the sump plug - but you never know.
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