Sunderland F.C. Chairman Admits Minority Stake in Club

[Ericsladkilnhurst]

Funny goings on at Sunderland, after the chairman Kyril Louis-Dreyfus admitted having
a minority stake in the football club.
A club statement to supporters confirmed the 25 year old owns just 41% , with previous
ownership group - comprising Stewart Donald, Juan Sartori, & Charlie Methven retaining
59% stake between them.
The Swiss businessman Kyril Louis-Dreyfus, who completed his takeover of the club in
February 2021, has only ever stated he has a ' Controlling Stake ' in Sunderland.
How ever, it was never known that Kyril Louis-Dreyfus owned less than a majority
shareholding.
Ahead of a meeting with Sunderland supporters on Wednesday, he wrote : ' As previously
stated , I have executive control of running the football club, something that was a
fundamental requirement upon the purchase of my shares, & the executive management
team of Steve Davison & Kristjaan Speakman report directly in to me on a day to day basis.
All major strategic decisions related to the club, continue to be taken by the board of
directors, comprising of myself, Maurice Louis-Dreyfus, David Jones, Steve Davison,
Igor Levin, Patrick Treuer, Juan Sartori, & Simon Vumbaca '.

The Sunderland fans unhappy with the development.

Summary - It would seem the wool was pulled over the eyes of Sunderland supporters,
reading the report it would seem Sunderland F.C. needed money pumping into the club,
so Kyril Louis-Dreyfus bought shares on a fundamental requirement that he had
executive control of the club, also he only ever stated he has a controlling stake in the club.