Sunderland’s owners have disputed recent reports that Juan Sartori paid just £1 for his shares in the club, claiming that the Uruguayan businessman has invested millions of pounds into the Black Cats.
Last week, a report from the Daily Mail claimed they had seen documents to suggest that Sartori paid just £1 for his 20% stake in Madrox Partners, the company used by Stewart Donald to acquire the North East club.
It was reported at the time of the investment, in August 2018, that he had paid around £3 million pounds for his shares.
That report threw Sartori’s position at the club into question but, in a Q&A with the Sunderland Echo, Madrox disputed the claims and outlined his commitment to the Black Cats.
Madrox said: “Juan Sartori has invested millions of pounds into Sunderland and has done so via Madrox on an interest free, debt free basis to the same proportion as the other investors.”
Sartori was confirmed as a club director at Sunderland in August 2018 after passing the EFL’s Owners’ and Directors’ test.
It is understood that his relationship with Donald stems from an unsuccessful takeover bid for Oxford United that the Uruguayan businessman was previously involved with.
According to the Daily Mail, Sartori’s 20% stake in Madrox leaves Donald as the majority shareholder with 74%, while former executive director Charlie Methven has a 6% stake.
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The Sunderland owners have been clear in disputing the claims made last week about Sartori’s investment in the club.
That should be somewhat reassuring because the Daily Mail’s report did paint something of a concerning picture.
Black Cats fans will likely be hoping they don’t have to concern themselves with Sartori or Donald for much longer and that a takeover deal is completed soon.