Kyril Louis-Dreyfus takes over Sunderland
Kyril Louis-Dreyfus has become Sunderland chairman after his takeover was approved by the EFL.
The French billionaire-heir becomes the League One club's new chairman, while former owner
Stewart Donald
will retain a minority shareholding, as will
Juan Sartori
and
Charlie Methven
.
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.
Louis-Dreyfus said
: "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 recognize 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."
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