Sunderland have confirmed that co-owner Kyril Louis-Dreyfus has become the club’s majority shareholder after increasing his stake in the Black Cats to 51%. Louis-Dreyfus was previously just the largest single shareholder in the club with 41% but has now purchased a further 10% to acquire further control.
Charlie Methven, who had previously owned a 5% stake in Sunderland, no longer has any, while Stewart Donald has seen his stake almost half from 34% to 19%. Juan Sartori holds the remaining 30% after increasing his stake in the club from 20%.
The news comes just two weeks after Donald and Methven revealed that they had accepted two bids from external parties in order to sell their remaining stakes in the club.
READ MORE: Louis Saha casts Sunderland survival verdict and fears Ross Stewart exit
However, Louis-Dreyfus has now confirmed there will be no further sales of shares to a third-party buyer and he hopes this morning's news has addressed any speculation heading into the Championship season.
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