This morning's revelation of Charlie Methven selling his shares in the club were welcomed by the Sunderland fanbase as the Black Cats gear up for life back in the Championship. The former director still held shares in the club having relinquished his board position back in 2019.
It was the right move for all parties with the relationship strained to say the very least. But what can we take away from Kyril Louis-Dreyfus increasing his shares?
The Sunderland owner increased his shares to 51% to become the majority shareholder, having previously held a ‘controlling interest’ with an initial 41% stake, Juan Sartori holds 30% after all increasing his shares by 10% and former owner Stewart Donald has seen his shares almost half from 34% to 19%. Louis-Dreyfus has tightened his grip on the reins and his statement this morning will help ease any concerns among the red and white army.
