To inquire about a licence to reproduce material, visit our Syndication site. We hope and believe that the new management team, with Kyril at its head, can finally complete the turnaround and get the club climbing the divisions once again.”, Louis-Dreyfus commented: “I would like to thank Stewart, the Board of Directors and the EFL for their diligence and support throughout the recent process. ' Oxford-based Donald , the former owner of non-league Eastleigh FC, bought Sunderland from US businessman Ellis Short for UK£40 million (US$52.6 million) in May 2018 after back-to-back relegations saw the club plummet from the Premier League down to the third-tier. Donald confident of competitive budget at Sunderland ... The club is for sale (40 million supposedly), seems like a good investment for some billionaire out there, considering they still considered one of the 20 biggest clubs in England. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. It’s the news we’ve all been waiting for - today the EFL has approved Kyril Louis-Dreyfus’ move to buy a controlling stake in Sunderland AFC from Stewart Donald, becoming the club’s Chairman with immediate effect. Sunderland were relegated in the club fourth from bottom in 1972, Alan Brown was sacked and replaced by Bob Stokoe. Sunderland Sunderland chief Martin Bain (Image: GETTY ) Bain, whose future on Wearside is shrouded in doubt following the takeover by former Eastleigh chairman Stewart Donald's consortium, earned more than five times as much as Newcastle counterpart Lee Charnley. "To achieve this, higher offers from less qualified buyers were rejected, and I have paid off all debts owed by the club to leave it financially strong and debt-free for the first time since the years before I owned it.". The announcement was preceded by the filling of documents at Companies House notifying the business regulator that the £9m loan Donald secured from FPP Sunderland as been repaid in full, which appears to have been the final step in the takeover process. Louis-Dreyfus joins a succession of super . There's a scene in the first episode of the second season of Sunderland 'Til I Die where members of the first team join forces with the stadium's maintenance crew to put seats together in . How much did Donald pay for Sunderland? The six-part series follows Sunderland's 2018-19 season under new owner Stewart Donald, who offers extensive access behind the scenes at the Stadium of Light. Today marks the start of an exciting new chapter in Sunderland AFC’s history and although the current landscape facing football dictates that there are challenges to overcome, I am confident that together we can weather the present storm and put solid foundations in place to bring sustainable and long-term success to the club.”. I am proud to say that we have achieved what we set out to in terms of SAFC’s finances – the club is debt-free, was breaking even prior to the pandemic and has retained its Category One Academy status. He said: "All of us involved in this bid believe that Sunderland represents an extraordinary opportunity. "The similariity, though, is that there is also a lot that needs to be addressed here, and it needs to be addressed with realism, focus and dedication. Nothing is clear on how much Sunderland was sold for - Donald reportedly wanted £37.6m two months prior to the sale. Sunderland may be proof that age is just a number. Having finally received EFL approval, billionaire Kyril Louis-Dreyfus takes a controlling stake in the club as Stewart Donald's time in charge of Sunderland AFC finally comes to an end. Logically that means Ellis Short was paid the £14.6m and, logically, that's made up of the £5m from Donald and an additional £9.6m. We don’t think Sunderland will make too many changes tonight – but there could be a big tactical reshuffle. Sunderland's owners used £32million of Premier League parachute payments to buy the club from Ellis Short last year.. The EFL has approved the takeover of Sunderland by Kyril Louis-Dreyfus, who becomes chairman with immediate effect. Initial indications are that, following the deal, club will be debt-free and that the Stadium and Academy will remain the main tangible assets of the club and that, as a result of the deal, Donald and Methven will no longer have any say in key decisions at the Stadium of Light. Sunderland 'Til I Die season 2 is available on Netflix in the UK from Wednesday 1 April 2020. Kyril’s commitment, acumen and integrity convinced us to accept his proposal. Texan businessman Short, who has ended a nine-year spell as owner by writing off the club's debt . Donald’s final act as club Chairman was to hold an informal meeting with Red & White Army and other fan groups in mid-July, during which it was reported that he set out the harassment he claimed he and his family had suffered from fans, before making personal attacks on individual supporters. American businessman Mark Campbell is in line to become the new majority shareholder of Sunderland, taking a 74 per cent stake in the club. Stewart Donald could sell Sunderland without repaying more than £20 million in parachute payment money that is owed to the club, according to documents seen by The Times.It emerged last year that . By Mark Donnelly Sunday, 5th April 2020, 11:40 am Who is Louis Dreyfuss? 'Kyril's commitment, acumen and integrity convinced us to accept his proposal,' Stewart Donald, the deep-pocketed former chairman, told the BBC . Listening in to last week's brilliant Roker Rapport Podcast with Stewart Donald, I couldn't help but notice about one hour and seven minutes into proceedings that the Sunderland owner seemed . Due to the complexities of the data involved, SAFCBlog got the experts in this time…. For fans, it’s been a very slow and often frustrating process to get to the point of welcoming a wealthy new owner to the Stadium of Light. Why did Sunderland sack Coleman? They confirm that Stewart Donald paid £5m into the group at that point and a total of £14.6m being paid by the group of companies externally. It is understood that after months of due diligence and negotiations, the consortium made an offer two weeks ago to Donald which was accepted at the beginning of this week. The Sunderland owner, Stewart Donald, has agreed a deal to sell the club to a consortium led by minority shareholder Juan Sartori and Kyril Louis-Dreyfus – the 22-year-old son of former Marseille owner Robert – but looks set to retain 15% of his shares. It is understood that Donald – who led the consortium that took over the club from the American businessman Ellis Short in April 2018 – was keen to retain a portion of his shares, and the former chief executive Charlie Methven will also keep hold of his 5% stake. A few more days passed before the club announced that it was in “a period of exclusivity” with one serious bidder with the hope that the deal would be completed by the start of the season in September, but that date came and went with nothing more being said, and the second and third waves of coronavirus hit England hard. - Loads of Sunderland fans are loving Stewart Donald's latest tweet. Ellis received £40million for the sale of Sunderland in 2018. Donald, who declined to comment for this story as negotiations continue, has plenty of experience getting his hands dirty running soccer clubs, but nothing on Sunderland's scale. Although twice relegated in the 1970s, the decade will go down in history for the events in 1973. By Jonnie Gorrie. At 23, Kyril Louis-Dreyfus is the youngest owner and Chairman of Sunderland AFC in our 142-year history, and he brings with him his and his family’s experience owning Olympique Marseille, his vast inheritance, as well as his Harvard MBA and training in football administration. However, it is no secret that – despite spending the highest transfer fees and playing wages in League One history – progress on the pitch has not followed suit. Louis-Dreyfus has been received . Hanging onto his job by a thread, Terry Butcher found himself at a standoff with transfer listed pair Owers & Armstrong - and we missed out on a player because we were skint! I will start by evaluating where Sunderland go from here, and in a future post will give my take on Aston Villa's future return to the Premier League. The January window of 2019 was a torrid affair for Stewart Donald and Sunderland. Chairman Stewart Donald said: "When we all pull together, players, supporters and staff, then we've got something really powerful at this club. For other inquiries, Contact Us. Despite Donald's belief, moving from League One to Ligue 1 would be a no-brainer to most. Born in 1997, Louis-Dreyfus is the son of Margarita and the late Robert Louis-Dreyfus. Maja was Sunderland's big goal-scoring hope of promotion but sold midway through the season. Last modified on Sat 14 Nov 2020 09.23 GMT. Published: 31 Jan 2021, 20:00. £325,000 £700,000 £260,000 £1m Sunderland will be aiming to go up again this year. STEWART Donald is confident he can provide the next Sunderland manager with a competitive budget as he awaits approval for his takeover bid. Cameron Leith, from Ayr, tragically passed away in hospital on thursday after a collision between a Vauxhall Vectra and a Ford Kuga. All rights reserved. “When we entered into negotiations with Ellis Short three years ago, Sunderland was nearly £200 million in debt, was losing £35 million per annum, and had all but been relegated to League One. Stewart Donald says he didn't enjoy watching series two of Sunderland 'Til I Die, but does believe it will be a positive thing for the club. By Andy Wilson PUBLISHED: 16:01, Thu, Apr 23, 2020 Stewart Donald said: “I am delighted to welcome Kyril Louis-Dreyfus to the club as our new chairman and controlling shareholder. By early February, Methven was telling BBC Newcastle’s breakfast show that several serious bidders were in contention to buy out the Madrox Group, but then coronavirus pandemic hit, the season was cancelled, and the normal rhythms of football and business ceased almost entirely during the first lockdown. 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. After pressure from fan groups who had grown disillusioned by his ownership, Donald . "His eye got cracked all the way open," coach . While the run-up to Deadline Day usually has fans chomping at the . The state of play at Sunderland assessed after Stewart Donald's latest takeover update . He could have simply stated that he'd made a few mistakes but his. The insurance tycoon, 43, completed his takeover of the League One . However, he did not become a board member due to a conflict of interest relating to his role at Eastleigh. Johnson was, evidently, the choice of Speakman and Louis-Dreyfus, and he confirmed in his post-match comments after the Shrewsbury match on 9th February that he has been in contact with the new owner ever since the news of the takeover became public. Louis-Dreyfus has just been installed as the new chairman of Sunderland football club, known as the 'Black Cats', following a successful takeover. How much did Donald pay for Sunderland? "For a club with one of the best fanbases, stadium and academies in the UK to find itself in League One is unacceptable. His only crime - caring too much about the club he was trying to save, and acting accordingly. "Eastleigh and Oxford are different cases to each other and, of course, smaller than Sunderland. By Mark Donnelly Sunday, 5th April 2020, 11:40 am Donald then casually offered to sell the club to the fans if we could raise his £35 million asking price. A lot of Sunderland fans will be in for a real shock when they finally realise we aren't spending like we used to. Ahead of Sunderland’s match with Shrewsbury tonight, we spoke to Glyn Price of the Blue & Amber Fanzine to discuss how Steve Cotterill’s side have performed so far this season in League One! Taylor spoke to Sunderland before he did us, can you imagine what was going through Lyle's mind after speaking to Charlie Methven, now compare that to after speaking with Bowyer and Gallen, there was no way he was ever going to Sunderland. Evidence seen by Sportsmail has revealed that chairman Stewart Donald and . EASTLEIGH chairman Stewart Donald says it's "extremely unlikely" that he will become part of a consortium to rescue ailing Sunderland. Sunderland’s Stadium of Light. DAVID O'BRIEN Interestingly, the Mackems appear to have latterly woken up to the shit-show Donald and Methven have visited upon their club. The highest mountain in southwestern Bolivia, it rises to 6,008 metres (19,711 ft) within the Altiplano-Puna volcanic complex, a province of large volcanoes and calderas which over the last few million years . The idea was floated that, were it not for Stewart Donald and friends arriving as they did in May 2018, Sunderland "could have done a Bury". Sunderland chairman Stewart Donald has recently written an open letter to supporters addressing issues presented by the current . Earlier this week Red and White Army (RAWA), alongside fellow supporter groups; The Branch Liaison Council and The Supporter's Liaison Group, were invited by the club to a meeting at the Stadium of Light on Thursday afternoon. Posted on 30 March 2021, 20:10. Updated: 14:21, 29 Apr 2018. (modern). Email us... RokerReport@Yahoo.co.uk. Sport Football Stewart Donald reveals why Wahbi Khazri legacy payment talks following Josh Maja Bordeaux move won't affect Sunderland's January plans Josh Maja has completed his move to Bordeaux. Sunderland fans are delighted by comments from new owner Kyril Louis-Dreyfus after he spoke to the Fan Collective last Wednesday. Donald become owner of the Black Cats in May 2018 when he purchased the . How much did Stewart Donald pay for Sunderland? Louis-Dreyfus also becomes the club’s new Chairman with immediate effect, with Stewart Donald, Juan Sartori and Charlie Methven each retaining a minority shareholding. Stewart Donald yesterday addressed the takeover process for the first time since publicly confirming his . Date published: Friday 1st October 2021 11:00 - Ian King. STEWART DONALD has been given the keys to Sunderland despite paying ex-owner Ellis Short only an EIGHTH of the agreed sale price. Clough may be a hard worker and Sunderland would surely benefit from that, but what they need is a striker who has the ability to change games and score goals. Sources close to the deal expect it to be completed in the next fortnight. The Guardian can reveal that Sartori – the Uruguayan businessman and politician who owns 20% of the club and sits on the board – is behind the move to bring in Louis-Dreyfus having made contact with him six months ago about the possibility of acquiring a majority stake. The Sunderland owner, Stewart Donald, has agreed a deal to sell the club to a consortium led by minority shareholder Juan Sartori and Kyril Louis-Dreyfus - the 22-year-old son of former Marseille . View our online Press Pack. One in four Brits would take a pay cut for a shorter working week. Stewart Donald has finally found someone to take over struggling Sunderland 'His vision and desire to bring success back to Sunderland was obvious from the outset and his bid is the one that we feel gives the club the best chance of long-term success and sustainability.'. Owner Stewart Donald to retain 15% of his shares, Director Juan Sartori part of new consortium. By Mark Donnelly . Daily RecoRD Monday, November 22, 2021 KilleD Cameron Leith Family pay tribute to tragic teen by KaiTlin easTon the family of a youth who died after a horrific crash have paid tribute to the "caring" teen. Sunderland accepted an offer for the Swedish forward, which owner Stewart Donald has confirmed is worth around £2 million plus a sell-on clause, from Swansea earlier on Tuesday. In July 2015, Donald paid a reported £500,000 to buy a 10 per cent stake in Oxford United, the club he has supported since childhood. The new share structure will reportedly see Louis-Dreyfus take 59% of the club, with Juan Sartori, Stewart Donald and Charlie Methven retaining minority shareholdings. Stewart Donald (born 1974/1975) is an English businessman and football administrator.. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. She remains a minority shareholder in Marseille. However, a newspaper report on Thursday suggested the parachute payments have been used to pay off Short and that Donald, who initially . Donald and Methven did take on a further £20m in outstanding transfer payments inherited from the previous owner and that Sunderland have run at an estimated loss of around £10m this season. To watch both seasons you need to have a Netflix subscription, which costs £5.99 a month while new users can try the platform with a 30-day free .

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