League One

Sunderland: Phil Smith drops latest on ownership situation

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Phil Smith has been speaking on The Roar podcast about the current situation at Sunderland and what’s next for Black Cats owner Kyril Louis-Dreyfus.

The breaking and very surprising news from earlier this week was that Sunderland owner Louis-Dreyfus does not actually own a majority stake in the club, with the Frenchman buying just 41% when he took over the club last year.

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This news has obviously left a lot of Sunderland fans annoyed given that the Madrox group, which previously owned the club outright, have a joint majority shareholding in the club, but Smith has claimed that this may not be the case for much longer.

Smith has revealed that Louis-Dreyfus is keen to purchase the stakes off Madrox.

He said: “It’s my understanding that Kyril has wanted to purchase more shares, he is willing and wants to purchase all of Stewart Donald and Charlie Methven’s shares sooner rather than later.

“So again, at that point, it’s going to become a negotiation over price, isn’t it? That’s the top and bottom of it, that’s going to be the next stage.”

TIF Thoughts on Sunderland’s ownership situation…

It was supposed to be a new dawn on Wearside when Louis-Dreyfus replaced the likes of Stewart Donald and Charlie Methven at the Stadium of Light, but with the latter having been pictured at away games recently, it shows they are still very much involved with the club.

While they own shares in Sunderland and therefore have every right to be attending games, it’s clear that the fans do not want them involved, which may have urged Louis-Dreyfus to reportedly express an interest in buying more shares in Sunderland.

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This current PL centre-back almost signed for Sunderland back in 2015.

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