Some Sunderland fans have been left shocked by a report issued by one particular national paper earlier this week on Friday night.
Right now, all the Black Cats supporters are wanting a takeover to happen, but after reading the latest story in the Daily Mail, it might be a while before that goes ahead.
Uncertainty continues to grow after news broke in November regarding a deal agreed by Stewart Donald to sell the club.
Credit: Sky Sports
A consortium led by minority shareholder Juan Sartori and Louis-Dreyfus are set to purchase a majority stake in the club, with Stewart Donald reducing his shares significantly.
However it remains to be seen what the takeover will look like and who will be the majority shareholder and now Donald warns of administration for the club.
Sunderland currently sit 9th in the League One table, taking 24 points from 15 games. However this is their third season at the third tier of English football.
The report in the Daily Mail read: “Sunderland owner Steward Donald made the remarkable admission to fellow League One bosses this week that the club face the prospect of going into administration due to losses caused by the pandemic.
“Donald was fiercely critical of the EFLs bailout package for the lower divisions, which will see the initial payment of £15m divided equally between the clubs, arguing those with bigger fanbases should receive more on the grounds that their losses are far greater.
“Donald is in the process of selling Sunderland to a consortium led by Uruguayan businessman Juan Sartori and Frenchman Kyril Louis-Dreyfus, but his revelation about the extent of their financial problems will alarm the club’s supporters.”
Bloody hell, if Matt Hughes’ story in tomorrow’s @MailSport correct, here’s hoping the takeover happens sooner rather later #safc @RokerReport pic.twitter.com/AAWUb2jSi4
— Graeme Down (@Graemedown) December 11, 2020
New manager Lee Johnson gave an interesting response to questions over the Sunderland takeover. When asked if he had been informed of any imminent changes at the top of the club, Johnson said: “No, I haven’t.”
“Obviously I hear – as everybody does – the bits and bobs.
“I was actually asked to do a bit of research on the playing squad for a couple of consortiums that are looking at buying Sunderland.
“I think if you were looking at a football club to go and buy, it makes sense. Sunderland, effectively, is under-achieving currently and there’s a lot of potential in the football club as a whole.
“It wouldn’t surprise me if there wasn’t a number of people coming in for the football club.”
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Phil Smith is following the takeover closely and he said when writing for the Sunderland Echo: “We’ve seen a couple of the pieces of the puzzle fall into place of late, with the arrival of Kristjaan Speakman and Lee Johnson as Sporting Director and Head Coach.
“Both have spoken very well about the challenge ahead, and their desire to move Sunderland away from being a club defined by short-term decision making.
“The biggest piece of the puzzle, though, remains the ownership question and here, supporters still wait for clarity.
“The difference will ultimately depend on how the shareholding breaks down and who ultimately has the controlling stake in the club.
“If it is a combination of Juan Sartori and Kyril Louis-Dreyfus, then there are questions that will need to be answered over the scale of change and to what extent the direction will be different from the last two-and-half years.
“Particularly as Sartori’s political career in Uruguay seems very strongly to remain his main focus, and makes a significant increase in presence around his football club seem unlikely.
“If Louis-Dreyfus is taking a controlling stake on his own, then that clearly marks a fairly significant change.”
As mentioned, some Sunderland fans were left shocked by the report issued by national paper Daily Mail…
@dmcmanus91: How is it legal that this fucker and his right hand bellend can do this when they’ve admitted to taking £20mil from the club coffers which has disappeared up their arse?
@AvengerThor3006: Some what worrying. Hopefully just a negotiation tactic and not as accurate as it reads.
@stephendavison6: ‘The best run club in league one’.
@SunderlandafcI: STEWART DONALD HAS KILLED THIS CLUB! HE MUST GO NOW BEFORE IT’S TOO LATE! #DonaldOut
@SAFCsharpy: FUCK YOU STEWART DONALD, THE CLUB I’VE LOVED SINCE DAY 1 IS CRUMBLING BEFORE MY VERY EYES. IT’S EASY FOR YOU TO FUCK OFF AMD NOT GIVE A FUCK. WE’RE THE ONES WHO WILL BE LEFT WITH OUT OUR FOOTBALL CLUB. #DONALDOUT #SAFC
@shellsy87: Clubs on their arse don’t hire a DoF or a manager who could have easily got a job in the league above. Donald owes the club £20million and needs to pay up and fuck off
@ALS_Fanzine: Probably a SD gross exaggeration, let’s face it he’s the king of them, but nevertheless still very concerning for those who love the club…
@LimbsSunderland: Not looking good. #DonaldOut
@Grundy_99: Get them fucking tory chancers GONE. £20m hole in the accounts but the pandemic is the reason for losses, how thick does he reckon we are? #DonaldOut
@DarranF73: Jesus.. don’t like the look of that
@RedAndWhite2017 we need answers
— Nathan Stephenson (@Stevo_safc) December 11, 2020
He’s playing a game. Administration is disastrous for Donald, he’s just after extra money.
— Davidh (@harrysafc1) December 11, 2020
Extra money that will lead to 3yrs of transfer restrictions??
— David Hindmarsh (@DavidHindmarsh7) December 11, 2020
The extra payment comes with restrictions like a transfer ban , he obviously can’t afford to run the club and is willing to take a transfer ban to keep owning us . He doesn’t want to leave and sounds like he is trying to cling on again
— Brett Redmayne (@brettd1981) December 11, 2020
Donald is dead right about the distribution of money, the EFL are bloody hopeless and the EPL have not yet realised that their competition is unsustainable
— Russell Pulford (@PulfordRussell) December 11, 2020
Sounds like #safc is desperate for cash. Shame it can’t call in any debts, you know like the odd £20.5m owed to the club from Stewart Donald et al before it was written off. #donaldout #madroxout
— Paul (@AccountantPaul) December 11, 2020
If Stewart Con-ald is actually telling a TRUTH here, he MUST agree to an actual “Lock Stock & Barrel” SALE of @SunderlandAFC (and forget this majority-shareholding change bullshit), he must do so NOW, and he MUST sell to the consortium backing @richenergyceo #HawayBillyTheBeard
— Andy McGuire (@RokerPark150705) December 11, 2020
Typical of Donald giving the sob story. What about the season tickets sold with no outlay on a two weekly basis? What about the £10 a match fee for streaming the games? Does he think we are all fucking stupid? The bloke’s a pathological liar
— Tony Bentley (@bigtone59) December 11, 2020
Nothing to do with him being thick as two fat short planks – the bloke is a complete spanner!
— Michael D Smale (@WalkerSmale) December 11, 2020
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