French billionaire-heir Louis-Dreyfus, 23, has acquired a majority shareholding . Season card renewal info - SAFC - Sunderland A.F.C. Although twice relegated in the 1970s, the decade will go down in history for the events in 1973. 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. Sunderland’s Stadium of Light. However, a newspaper report on Thursday suggested the parachute payments have been used to pay off Short and that Donald, who initially . Sunderland may be proof that age is just a number. The true story behind Josh Maja's move to Bordeaux in ... The real story of Sunderland's takeover... Donald and ... However, with the club just having booked its third Wembley final in three seasons and still being in the hunt for promotion, the foundations are set for better times. - Loads of Sunderland fans are loving Stewart Donald's latest tweet. 'What an absolute gentleman!' - Loads of Sunderland fans ... How much did Donald pay for Sunderland? Donald has in my opinion behaved totally irrationally. Watch Sunderland vs Doncaster live on Sky Sports Football from 7pm on Friday night; kick-off is at 7.45pm. Roker Report understands that the EFL did contact the significant minority shareholders to get further assurances that they would guarantee to fund the club for a further two years, and that although this was an unexpected move, it wasn’t a significant hurdle for the shareholders to overcome. The invitation billed the meeting as informal with a . Date published: Friday 1st October 2021 11:00 - Ian King. Kyril’s commitment, acumen and integrity convinced us to accept his proposal. Posted on 30 March 2021, 20:10. “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. Sunderland may be stuck with Stewart Donald for a while yet if he refuses to budge on his price. The January window of 2019 was a torrid affair for Stewart Donald and 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. Donald has been actively trying to sell Sunderland since the start of the year and entered into an exclusivity period with an anonymous buyer a few weeks ago. 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. He said: "All of us involved in this bid believe that Sunderland represents an extraordinary opportunity. Sunderland chairman Stewart Donald has recently written an open letter to supporters addressing issues presented by the current . Sunderland are top of League One and their new owner is making the right choices. He and Methven got involved in Oxford around 2008, when the club was still dealing with the consequences of previous financial mismanagement. However, he did not become a board member due to a conflict of interest relating to his role at Eastleigh. Who is Louis Dreyfuss? After leveraging the Premier League parachute payments in order to take over from Ellis Short in 2018, and then failing to get promotion back to the Championship at the first time of asking, the initially positive relationship between Stewart Donald’s consortium and the fans began to break down. Short has agreed a . (modern). Sunderland have recovered in terms of results in recent weeks but the future of the club away from the pitch is still in doubt after Stewart Donald said he would sell the club earlier this month. To see all content on The Sun, please use the Site Map. An agreement has been reached for Kyril Louis-Dreyfus to buy Stewart Donald's controlling interest in Sunderland, paving the way for a takeover. The announcement was made just minutes after the Black Cats had revealed they had sacked manager Chris Coleman following relegation to League One. All rights reserved. Texan businessman Short, who has ended a nine-year spell as owner by writing off the club's debt . Match Preview: Shrewsbury Town v Sunderland - back on the road with a trip to Shropshire. Cameron Leith, from Ayr, tragically passed away in hospital on thursday after a collision between a Vauxhall Vectra and a Ford Kuga. This news comes over two months since news of Louis-Dreyfus’ interest in the club first broke and six weeks after the deal was agreed in principle, and it announced on the club’s website as being handed over to the EFL. Louis-Dreyfus joins a succession of super . How much did Donald pay for Sunderland? 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. Email us... RokerReport@Yahoo.co.uk. Louis-Dreyfus has been received . Stewart Donald yesterday addressed the takeover process for the first time since publicly confirming his . 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. 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. View our online Press Pack. One in four Brits would take a pay cut for a shorter working week. Here’s how Andy rated the players tonight... On This Day (Nov 23rd 1993): Chaos on Wearside as long-standing duo wage war with Butcher. Steward Donald is someone who gets swept away with the emotions of being a club owner. The fact that the uncertainty has now come to an end will be welcome news to a tired and frustrated fanbase, and we look forward to a new era in which we can rise back to where we all feel we rightfully belong - amongst the top ten clubs in the country. Despite Donald's belief, moving from League One to Ligue 1 would be a no-brainer to most. 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. Starting XI: Is this the line up Lee Johnson will name against Shrewsbury tonight? The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. 'Embarrasing' - These Sunderland fans are split after recent club post April 12, 2020 John Grant 0. Sunderland throw away a great half time position with some sloppy play at both ends of the pitch. Sunderland are sixth in League One after 10 games. I am proud to become a custodian of this esteemed institution, but I also recognise the significant responsibility that comes with it. Sources close to the deal expect it to be completed in the next fortnight. 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 . 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. How much did Stewart Donald pay for Sunderland? 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. Charlie Methven insists that Stewart Donald DOES have the money to finance Sunderland AFC - and isn't selling the club for financial reasons. Donald then casually offered to sell the club to the fans if we could raise his £35 million asking price. To hear Stewart Donald and Charlie Methven talk was to hear of a new beginning at Sunderland AFC. Its name means "jaguar" in Quechua. 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. Due to the complexities of the data involved, SAFCBlog got the experts in this time…. Sunderland are looking into suing record-signing Didier Ndong, after sacking Papy Djilobodji for breaching his contract.. Djilobodji turned up for pre-season 72 days late and, according to chairman Stewart Donald, in no shape to play football, while Ndong still remains absent without leave and the club 'don't know where he is'.. Donald said yesterday that the club would be within their . 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 . What team would you pick? Got something to say? Donald become owner of the Black Cats in May 2018 when he purchased the . Sunderland have sacked manager Chris Coleman after failing to keep the club in the Sky Bet Championship. £325,000 £700,000 £260,000 £1m Sunderland will be aiming to go up again this year. How much did Donald pay for Sunderland? Had it not been for these new owners, riding into town like white knights, Sunderland AFC may well have been fighting its own High Court battle by now. There’s no doubt that the new owner’s love of football motivated his decision to invest in our club, and that Kristjaan Speakman’s plan to focus on youth development is linked closely to Louis-Dreyfus’ wider programme of improvement across all aspects of the club, both footballing and commercial. The insurance tycoon, 43, completed his takeover of the League One . Updated: 14:21, 29 Apr 2018. 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. 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! Not seen any chatter on this in the last month even though it went through in February - Sunderland now owned by a consortium that has placed 23 year old Kyril Louis-Dreyfus as the Chairman (son of former Marseille owner). If you buy something from an SB Nation link, Vox Media may earn a commission. 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. Attending the meeting on behalf of SAFC were Stewart Donald, Jim Rodwell, Neil Fox, Angela Lowes and Tom Sloanes. Stewart Donald has confirmed that he wants out of Sunderland - but he'll only do so if potential buyers . "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.". While the run-up to Deadline Day usually has fans chomping at the . 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. 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. The perfect scenario for Donald is to get rid of anyone over 10k/week wage and sell them at a premium then buy in a squad full of players on 5-10k/week max. Sunderland directors Stewart Donald and Charlie Methven have offered an in-depth analysis of the club's current financial position - with investment options on the table. Why did Sunderland sack Coleman? He could have stayed at the helm despite some supporters clamouring for him to go.If he is to be believed, we are financially stable with the loan from FPP as yet untouched. 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 . Owner Stewart Donald to retain 15% of his shares, Director Juan Sartori part of new consortium. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Ellis Short has announced he has agreed a deal to sell Sunderland to Eastleigh chairman Stewart Donald, Eastleigh chairman Stewart Donald is the head of the group taking control at Sunderland, Chris Coleman sacked by Sunderland after just five months in charge, Ellis Short has paid off the entire debts of Sunderland as a parting gift after selling the club, Sunderland boss Chris Coleman helps clear snow off pitch before training, Independent Press Standards Organisation (IPSO). 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". Does Hemmings seriously expect a smaller club in PNE to be worth more than Sunderland? STEWART Donald is confident he can provide the next Sunderland manager with a competitive budget as he awaits approval for his takeover bid. Sunderland's owners used £32million of Premier League parachute payments to buy the club from Ellis Short last year.. 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. Season 2 of Sunderland 'Til I Die is available on Netflix now, giving fans an insight into the club's owner Stewart Donald. How much did Stewart Donald pay for Sunderland? Unfortunate, but also avoidable, in one emotional, pressure filled day in January, 2019, Stewart Donald undid all the hard work he'd put into the club the previous 6 months. The EFL has approved the takeover of Sunderland by Kyril Louis-Dreyfus, who becomes chairman with immediate effect. She remains a minority shareholder in Marseille. Three days later he symbolically resigned, passing executive responsibility for the running of the club to new CEO Jim Rodwell, who had been recruited in the spring, whilst retaining his ultimate control as the majority shareholder. "Eastleigh and Oxford are different cases to each other and, of course, smaller than Sunderland. By Mark Donnelly . Really. Louis-Dreyfus secured majority shareholding in Sunderland after English Football League (EFL) approval, but who exactly . There are six new episodes in the season, ranging in length from 30 minutes to just under an hour each. 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. Maja was Sunderland's big goal-scoring hope of promotion but sold midway through the season. Which would value the club at around the £50m mark. How much did Ellis Short pay for Sunderland? 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. American announces shock sale of relegated Black Cats minutes after the club revealed Chris Coleman had been sacked as manager. Grigg joined Sunderland in a reported £4million deal - a record for a League One transfer. SUNDERLAND owner Ellis Short has agreed a deal to sell the club to a consortium headed by the chairman of a Conference club. Sunderland takeover news: Latest update from journalist provides more insight. By Mark Donnelly Sunday, 5th April 2020, 11:40 am 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. Short said: "It is no secret that I have been trying to sell Sunderland, but I have waited until the right group came along that have the experience, finances and plan to take this great club back to where it deserves to be. Free Online Library: Stewart Donald's over-riding priority has to be re-energising Sunderland's demoralised fans; Unlocking the potential of the Black Cats supporters will be the key to successor for new owner Stewart Donald and the manager he appoints. Sunderland Chairman Stewart Donald said: "When we all pull together, players, supporters and staff, then we've got something really powerful at this club. 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. 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. Stewart Donald (born 1974/1975) is an English businessman and football administrator.. Sunderland 'Til I Die season 2 is available on Netflix in the UK from Wednesday 1 April 2020. However, he did not become a board member due to a conflict of interest relating to his role at Eastleigh. "Our group have all been involved in building - or re-building 0 football clubs to reach their potential and we believe that over the last decade we have acquired the necessary skillsets to overcome the many challenges that will face us at this huge club. Fan Focus: Shrews fan Glyn says “it won't take much” for fans to turn on Steve Cotterill! Donald is leaving his role with Eastleigh, and also has experience working in and advisory role with Oxford. Louis-Dreyfus has now attended the last three matches, including the EFL Trophy semi-final victory on Wednesday evening. "For a club with one of the best fanbases, stadium and academies in the UK to find itself in League One is unacceptable. The second series of the popular Netflix documentary . Louis-Dreyfus is reported as having been the key decision-maker at the club in this period, and has already put in place an experienced yet youthful team to support the players’ efforts to get out of League One as soon as possible. His only crime - caring too much about the club he was trying to save, and acting accordingly. He seemed like he genuinely cared for the club and people (as opposed to the owner from season 1) but then he did puzzling things like saying they don't have money for Maja but then seemingly over-paying on someone who didn't seem as good as Maja. Donald will now give up his controlling interest in Hampshire club Eastleigh to control on Wearside as the club attempts to halt their alarming fall from grace. How much did Sunderland pay for Grigg? 'Kyril's commitment, acumen and integrity convinced us to accept his proposal,' Stewart Donald, the deep-pocketed former chairman, told the BBC . Published: 31 Jan 2021, 20:00. American businessman Mark Campbell is in line to become the new majority shareholder of Sunderland, taking a 74 per cent stake in the club. Donald is now attempting to do just that. Sunderland have appointed Jim Rodwell as their new Chief Executive Officer - but who is he and does this mean Stewart Donald has sold the club? Score Predictions: How will the Lads get on tonight at Shrewsbury Town? May 16, 2019 Roy Thomson League One, Portsmouth, Sunderland, Twitter Reactions 2. . 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. Stewart Donald took over from Ellis Short in May 2018. The statement posted on the club’s website said: Sunderland AFC today received approval from the English Football League for Kyril Louis-Dreyfus to acquire a controlling interest in the club, signalling the start of a new era on Wearside. The deal will not be put before the EFL board for approval, and both parties are confident ownership will change hands without any issues. 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. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. The tyre kicker and his mate are about to be deluged with a multi million pound pay day when he sells to the yank consortium. Sunderland are up for sale via their owner Stuart Donald who owns 74% of the club with his valuation being £37.6m for that 74%. Charlie Methven insists that Stewart Donald DOES have the money to finance Sunderland AFC - and isn't selling the club for financial reasons. ' 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. According to reports in The Telegraph, M. Louis-Dreyfus now plans to move to the North East in order to take a leadership active role in the running of the club, a development that will be welcomed by fans who have worried about the prospect of having another absentee owner. How rich is Stewart Donald? ", Sheff Utd ace Fleck 'conscious in hospital' after worrying collapse on pitch, Ronaldo and Sancho goals seal big victory for Carrick's men in Spain, England hero Kalvin Phillips suffers head injury at Leeds Xmas party, Man Utd fans react to Carrick's first XI as Bruno dropped for Donny, ©News Group Newspapers Limited in England No. Sunderland fans are delighted by comments from new owner Kyril Louis-Dreyfus after he spoke to the Fan Collective last Wednesday. This means that supporters won't pay any more for their seat in 2019-20 than they did this season* - providing they renew by 4pm, Monday 15 April. 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. Louis-Dreyfus has just been installed as the new chairman of Sunderland football club, known as the 'Black Cats', following a successful takeover. 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. Sportsmail can reveal that the deal would see Campbell acquire 64 per cent from owner Stewart Donald and 10 per cent from Uruguayan investor Juan Sartori. It represents the final step in a transition period that has lasted from around the time Phil Parkinson was sacked, after which the club appointed Lee Johnson and Kristjaan Speakman as Head Coach and Director of Football respectively, hired a dedicated Data Analytics team and, finally, brought in experienced Sunderland-supporting businessman Steve Davison as Chief Operating Officer last month. The club are sixth in League One after 10 games of the 2020-21 season. From today's featured article Uturuncu is a dormant volcano in the Sur Lípez Province of Bolivia that has active fumaroles between its two summits. After pressure from fan groups who had grown disillusioned by his ownership, Donald . 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.'. Born in 1997, Louis-Dreyfus is the son of Margarita and the late Robert Louis-Dreyfus. Ellis received £40million for the sale of Sunderland in 2018. 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. Evidence seen by Sportsmail has revealed that chairman Stewart Donald and . Zook Village Idiot Posts: 670 Joined: Wed Nov 29, 2017 5:47 pm Location: Guidepost, Northumberland 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. 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 . Stewart Donald has confirmed he wants out of Sunderland - and has set an asking price of £37.6m. 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 . 13:15, 29 Apr 2018. "Overall my chairmanship has not gone the way I would have wished; the many high points of a decade in the Premier League have been overshadowed by the low points of the last two terrible seasons. He's offered 40 million pounds ($54 million) for Sunderland, a team with a big stadium and a storied history tarnished by a dismal present. 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. 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. Simplified, we put the following info in…. Ellis received £40million for the sale of Sunderland in 2018. 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.”. Aston Villa have to adapt to the challenge of staying in the Premier League, which is a much different beast than what it was when they were last in it. By Mark Donnelly Sunday, 5th April 2020, 11:40 am Stewart reacted with rage and needed to be restrained multiple times during a third-quarter fracas between the Los Angeles Lakers and Pistons. 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 Frenchman will become chairman in the new year, subject to approval by the English Football League. More info. Fan Letters: “Play Tyrese Dyce and see how he fares!”, Geoff, Gary, and Joy have written in to give their takes on a range of goings-on at Sunderland AFC. I was curious what the fans' opinion is/was about Stewart Donald. By Jonnie Gorrie. Our plan was to work hard to turn around the finances of the club, put it on a stable footing and to get promoted back into the Championship. 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. That has been a bitter disappointment for us as owners, and we can only apologise for falling short in this regard. A lot of Sunderland fans will be in for a real shock when they finally realise we aren't spending like we used to. Stewart Donald said: “I am delighted to welcome Kyril Louis-Dreyfus to the club as our new chairman and controlling shareholder. There is much take-over talk surrounding The Mackems . (Sport) by "The Chronicle (Newscastle upon Tyne, England)"; News, opinion and commentary General interest Financial services Financial services .
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