Sunderland Confirm Agreement With 23-Year-Old for Takeover

Sunderland Confirm Agreement With 23-Year-Old for Takeover
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Sunderland Confirm Agreement With 23-Year-Old for Takeover

Sunderland Affirm Settlement With 23-12 months-Previous for Takeover

Sunderland have confirmed that an settlement has been reached between present proprietor Stewart Donald and potential new proprietor Kyril Louis-Dreyfus, with a takeover of the membership set to happen within the New 12 months.

The deal continues to be awaiting EFL approval earlier than it may be formally introduced – one thing which is not anticipated till mid-January – nonetheless, having accepted a proposal from Louis-Dreyfus in November, Donald has now confirmed that the deal has been finalised after six weeks of negotiations.

Sunderland look set to be taken over | GRAHAM STUART/Getty Photographs

Upon approval, the 23-year-old Frenchman will change into the bulk shareholder of the Wearside outfit, taking on from Donald who has been actively in search of a purchaser for the previous 12 months.

In a press release launched on the membership’s official web site, Sunderland confirmed an settlement had been reached, with Donald was fast to emphasize that the method had solely taken so lengthy as a result of he was eager to make sure the membership was left in the correct arms.

“It’s been no secret that I’ve been in search of a while to seek out the correct particular person to take Sunderland ahead and through the course of the final 12 months there have been numerous completely different individuals eager to take over,” Donald’s assertion learn.

“Nevertheless, regardless that it’s a matter of public report that a few of these bidders provided me extra money, I felt that they provided much less to the membership and to the group.

“Whereas from the early conferences with Kyril, his household and advisers, I’ve been significantly impressed with their information and understanding, discovered over a protracted interval as homeowners of main soccer golf equipment in Belgium and France.

“I imagine that have, mixed with a very good plan, will present a platform for the membership to progress and I look ahead to watching that progress from afar.”

Louis-Dreyfus took the chance to thank outgoing chairman Donald for his time within the negotiations, and outlined his plans for the membership going ahead.

“First, I want to thank Stewart Donald for his integrity and reasonableness during the last three months, which has led to me having the chance to take a controlling stake in Sunderland AFC.

“I’m totally conscious of the efforts undertaken by the present possession and Board to guard the viability of the Membership and respect the issue of this job, given Sunderland’s current previous and the present financial local weather.

Sunderland v Wigan Athletic - Sky Bet League One
Lee Johnson was just lately introduced as the brand new Sunderland boss | Ian Horrocks/Getty Photographs

“Shifting ahead, we’ve a long-term technique which integrates Sunderland’s proud traditions with a contemporary construction and strategy. We’ll search to be on the frontier of analysis and innovation in all efficiency domains and place nice emphasis on participant growth and the workforce’s model of play.

“We wish to create a workforce that’s entertaining to look at and that embodies the spirit and the tradition of those that attend, thereby reconnecting the workforce with its fanbase, whose assist shall be so important to our success.

“If all of us play our components, I firmly imagine we are able to restore Sunderland AFC to the highest tier of English soccer and I can’t wait to get began.”

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