Takeover officially announced. GTFI

Discussion in 'Sunderland' started by marcusblackcat, Feb 20, 2021.

  1. marcusblackcat

    marcusblackcat SAFC Sheriff
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    Finally on the club website

    (I know there’s a takeover thread but thought this deserved its own)

    edit: seems this article is from 18th February. Sorry if it’s been done but I’ve had a busy couple of days!!

    https://www.safc.com/news/club-news...quires-controlling-interest-in-sunderland-afc

    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.

    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 said: “I am delighted to welcome Kyril Louis-Dreyfus to the club as our new chairman and controlling shareholder. Kyril’s commitment, acumen and integrity convinced us to accept his proposal. 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.

    “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. 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. 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. 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. That has been a bitter disappointment for us as owners, and we can only apologise for falling short in this regard.


    “Whilst we certainly made mistakes, everything was done with the best of intentions with the view to deliver this aim, but we just fell short and in football, unfortunately, a miss is as good as a mile. 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. 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. I am proud to become a custodian of this esteemed institution, but I also recognise the significant responsibility that comes with it. 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.”
     
    #1
    Last edited: Feb 20, 2021
  2. Wearsider

    Wearsider New Member

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    Get in!!!! ..?
     
    #2
  3. The Berk

    The Berk Well-Known Member

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    Get the **** in !!!
     
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  4. Blond Bombshell

    Blond Bombshell Well-Known Member

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  5. Montysoptician

    Montysoptician Well-Known Member

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    Not sure whether you are extracting the urine Marcus but it deserves a like either way <ok>
     
    #5
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  6. Smug in Boots

    Smug in Boots Well-Known Member

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    <laugh>
     
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  7. TopCat_SMB

    TopCat_SMB Well-Known Member

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    Again? FML
     
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  8. TopCat_SMB

    TopCat_SMB Well-Known Member

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    Did you, by any chance, miss the 2000 page thread called "The Takeover"?
     
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  9. Disco down under

    Disco down under Well-Known Member

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    There's an article about it over here on fox sports, out and can't be arsed to link it I'm afraid.

    It's pretty huge that a 23 year old is taking over a sports club that size, especially one that's in the spotlight given STID and our slide.

    Interestingly they led with the fact that his first action was to name himself chairman, and that he would run the club with Donald and Methven.

    Has anyone else seen anything like that?
     
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  10. marcusblackcat

    marcusblackcat SAFC Sheriff
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    No. I went through about 23 pages and couldn’t find anything about the official announcement... also thought that it deserved its own thread!!
     
    #10

  11. TopCat_SMB

    TopCat_SMB Well-Known Member

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    :emoticon-0140-rofl::emoticon-0140-rofl:
     
    #11
  12. Smug in Boots

    Smug in Boots Well-Known Member

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    Chez Marcus :emoticon-0140-rofl:

    please log in to view this image
     
    #12
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  13. Vincemac

    Vincemac Well-Known Member

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    Where you been mate this was 3 pm Thursday
    Everyone’s been on the cans since then
    Hope you are ok
     
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  14. marcusblackcat

    marcusblackcat SAFC Sheriff
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    Work mate!! Been mad so not been on
     
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  15. Vincemac

    Vincemac Well-Known Member

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    Cheers mate you ok
     
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  16. marcusblackcat

    marcusblackcat SAFC Sheriff
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    Yeah good mate... yourself?

    coming out of my cave for the match @Smug in Boots
     
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  17. Vincemac

    Vincemac Well-Known Member

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    Yeah mate I’m fine the misses got COVID
    Think she got it at Morrison’s toilet 5th feb
    She’s still isolating untill Tuesday
    She feels a lot better but still tired
     
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  18. marcusblackcat

    marcusblackcat SAFC Sheriff
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    Ah man. Hope she’s ok mate. One of my mates got it around 6 weeks ago. Still in intensive care and not looking good. Only a few years older than me as well
     
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  19. Vincemac

    Vincemac Well-Known Member

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    That’s not good
    The misses seems ok apart from tired a bit
    However she’s coming out of isolation on Tuesday
    Hope you mate gets well soon
     
    #19
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  20. Durham Ranger

    Durham Ranger New Member

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    Flippin Tremendous Man.. - if our inter passing is as nicely timed as this debut we may well be in for an unusually cracking game as well as the points,
     
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