Sky Sports journalist Tom White has now revealed some ‘talks’ going on behind-the-scenes at Sunderland.
The Lowdown: Shares sold?
There have been rumours circulating on social media that both Stewart Donald and Charlie Methven have now sold up their shares at the Stadium of Light.
The Latest: Sky Sports update
Taking to Twitter, White, a presenter on SSN, has revealed that Donald and Methven have not shared their shares at the Black Cats, in spite of the rumours, but ‘talks are at an advanced stage’ with one group:
“Regarding the rumours that Stewart Donald and Charlie Methven have sold their shares in Sunderland, it’s my information that talks are at an advanced stage with one group, but there is still a long way to go.”
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The Verdict: Get it done
Donald and Methven are clearly not connected to the club anymore, as finance expert Kieran Maguire has claimed that they have left a ‘toxic legacy‘, and so their shares need to be sold as soon as possible.
Whether Louis-Dreyfus takes full control, or their shares are sold to another bidder, they need to get their board structure finalised before the start of next season.
Rich Energy drink founder William Storey has reportedly submitted his own takeover offer to the club, and so this is another path to consider as they look to cement their place in the Championship, and potentially push for promotion to the Premier League in the future.
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