The proposed takeover of League One sleeping giants Sunderland doesn’t look set to be concluded anytime soon, as new details have emerged on Kyril Louis-Dreyfus’ terms of the deal.
22-year-old Dreyfus has been in talks to purchase the Black Cats along with current shareholder Juan Sartori for well over a month now, but conformation of the deal has yet to come to fruition.
It had been reported last month that current owner Stewart Donald had agreed a deal in principle with the pair, but it seems as though the terms of the agreement have now shifted.
In the original proposal, Donald would retain 15% of the ownership, and former chief executive Charlie Methven would keep his 5% share of the club.
Dreyfus and Sartori were originally going to halve their proposed 78% share of the club, but now according to Alan Nixon of The Sun, Dreyfus wants a majority.
Sunderland takeover. Update. Properly … 😳 pic.twitter.com/JyudJwHqFf
— Alan Nixon (@reluctantnicko) December 20, 2020
If Dreyfus wanted to be the majority shareholder, then Sartori’s shares would have to be just 27%, something he may not want to agree to.
Nixon has said that this has caused problems with the takeover, and it now remains to be seen whether or not it will be completed anytime soon.
One man who will be desperate for this saga to be concluded is Lee Johnson, who will want to bolster his squad in the January transfer window.
It makes sense for Dreyfus to want to be the leading man in the boardroom considering he has a trust fund estimated to be valued at £2billion – he could bring some serious money to the table on Wearside.
But there’s no winner in this current scenario. The fans are beginning to lose patience with the saga, the new manager will want it done as soon as possible and neither Donald, nor Dreyfus or Sartori is likely to be happy with the latest developments.
Hopefully Christmas week will bring some more positive news for Black Cats fans to end a rancid year with a bang.