Stewart Donald has finally found someone to take over struggling Sunderland, 'His vision and desire to bring success back to Sunderland was obvious from the outset and his bid is the one that we feel gives the club the best chance of long-term success and sustainability.'. The groundswell on that medium over the past year or two which changed current SAFC owner Stewart Donald from an open an interactive leader to a guarded and cagy individual, was not a factor in Murrays time. We put forward a very strong project, a very credible project. Experienced accountant Giles Mooney looks at the facts and figures to give a breakdown of what Sunderland AFC could potentially be worth in the event of a sale. Follow us on our social media channels and let us know your thoughts there: Owner = Public Investment Fund of Saudi Arabia (PIF) rumoured net worth = 320billion Photo: Stu Forster, Owner = Sheikh Mansour rumoured net worth = 23.2billion Photo: Francois Nel, Owners = Todd Boehly, Clearlake Capital, Mark Walter, Hansjoerg Wys rumoured net worth = 10.9billion Photo: Clive Rose, Potential owner of Manchester United rumoured net worth = 10.9billion Photo: VALERY HACHE. Or by navigating to the user icon in the top right. His value jumped up considerably after Mint Mobile, which he owned a reported 25 percent of . "We came in trying to achieve the aim of turning it around without the pain and humiliation of bankruptcy and it was a very difficult task. [15], On 24 December 2020, Sunderland confirmed that they had reached an agreement with prospective buyer Kyril Louis-Dreyfus the 22-year-old son of former Olympique de Marseille owner Robert Louis-Dreyfus for him to purchase a controlling stake in the club, subject to EFL approval. So, by then the structure was fairly familiar. Paul is a Aries. . Reflecting on his time as a director, Methven said: "Im really proud of what the whole club achieved, looking back now. According to The Sun, the company recorded a staggering 33.6 billion in sales during its most recent financial year, while the Sunderland owner is heir to a fortune worth 4 billion. Kyril is believed to have a trust fund, governed by his mother, worth 2 billion. The 44-year-old is a millionaire businessman who owns Bridle Insurance, a brokers which specialises in the civil engineering and construction industries. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. He told the Oxford Mail : I am sad about it, but what can you do? How much the team is worth: $1.58 billion. Methven was part of the consortium led by Steward Donald that bought the club in May 2018. Put your knowledge to the test in our quiz, If you consider yourself a 'proper Geordie' then see if you can answer these questions correctly. What is Josh Harris' net worth? In a local newspaper interview in 2017, he said: 10m is 9.5m more than I expected to spend after five years, but I would do it all over again., Despite the huge outlay there, Donald is careful with his money. On behalf of Boot Hill Casino & resort (KS). The 23-year-old is the son of former Marseille owner Robert Louis-Dreyfus and becomes the youngest chairman in English football. Donald is currently deciding which way to turn.. The issues involving the current ownership, i.e. Staple Street Capital, majority owner of Dominion Voting Systems, backed a high-stakes defamation lawsuit against Fox that produced a $787.5 million settlement. Forbes estimated his mother to be worth roughly $5.6bn (4.13bn) following his father's death in 2009, with the future Sunderland owner reported to have a trust fund worth in excess of $2bn (1 . the current Burnley, Norwich or Watford model. It was the final home game of the season back in 1993 and against all odds, Terry Butchers side managed to pull a rabbit out of a hat and claim maximum points against high-flying Pompey. Did you know with a Digital Subscription to Sunderland Echo, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. "The previous management said there were parachute payments to fill some of that gap, but that ignored the fact that there was also a net transfer deficit of 20m (money owed to clubs on previous transfers). During his time as Sunderland's executive director, Methven helped improve the club's finances and their marketing strategy. Josh Maja: What was his Sunderland wage? He filled in for legendary Lakers broadcaster Chick Hearn during Hearns 2002 medical leave of absence and eventually became the teams full-time play-by-play man. He eventually graduated in 2002 for the same degree from HEC (Hautes Etudes Commerciales) in Lausanne, Switzerland. Craig Johns takes a closer look at the businessman. Hear the latest economic, business and market news, as well as global, national, and local news. with a net worth of $96.5 billion, up $27.5 billion from a year ago. Charlie Methven left his role as executive director of Sunderland in 2019. Sir Bob, as he is now known, was clearly a different character to Cowie; much gentler in nature and a gifted strategic thinker. [2], As of 2018, Donald has worked in the insurance industry "for more than 20 years". [1] Donald and business partner Neil Fox have "acquired a string of companies". Donald, who bought Sunderland back in 2018 from previous maligned owner Ellis Short, retains a 34 per cent stake, Sartori 20 per cent and Methven five per cent - a cumulative total that would . For a club with one of the best fanbases, stadium and academies in the UK to find itself in League One is unacceptable. Michael Dell is the founder and owner of Dell Technologies and is was listed as the 25th richest man in the world in Forbes 2019 list. DETAILS BELOW. We worked a lot over the last three months and did due diligence, but it was Darryls decision to carry on at the club. In 2009, Ellis Short took on the majority shareholding at the Stadium of Light. Certainly, by time the clubs hierarchy was involved in some financial scandals in the late 1950s, being found guilty of making payments in excess of the maximum wage to players, they were fined 5,000 (121,000 today) and the chairman and three directors were suspended. He currently resides in California, United States. His exact net worth is not known, but he did not feature in the latest Forbes list of worldwide billionaires. As of 2023, Paul Sunderland's net worth is . The company is based in Whitney, Oxfordshire. To learn more or opt-out, read our Cookie Policy. They hope to identify an acquirer as soon as the end of February, according to one of the people. Mr Donald grew up in Oxfordshire has supported Oxford United throughout his entire life. newsletter, https://en.wikipedia.org/wiki/List_of_Sunderland_A.F.C._managers, Matchday Musings: Roberts rocket grabs a point as the Lads come back from behind. Man Utd: Ten Hag now doesn't want 12m star at Old Trafford, West Ham fan gets embarrassed by police horse after loss to Crystal Palace, World Snooker Championship: Mark Selby records first ever 147 break in a final. The Cowie years were difficult for the club and if he had been at the helm in this modern era dominated by social media, I sense that rather like Steward Donald and Charlie Methven now, he would have been hounded in these forums and struggled to win any popularity competitions. Roker Ramble: The Premier League relegation battle heats up Were getting into squeaky bum territory as the season draws to a close. I was eighteen when we won the FA Cup in 1973, but although attending every round except the final, the talk on the terraces was never about who owned the club. ", "Stewart Donald invests more than 500k to buy Oxford United stake", "Who is Stewart Donald? Louis-Dreyfus is a French businessman and billionaire heir, who on Christmas Eve announced he had agreed a deal to become the new owner at The Stadium of Light. It was a very ambitious project but we needed to buy the club to put it into action. Louis-Dreyfus completed his takeover the North-East club on Thursday, while former owner Stewart Donald -- who fan of the Netflix series will be familiar with -- retains a minority shareholding at the club, along with Juan Sartori and Charlie Methven. Roker Roundtable: Assessing the Championship playoff picture with one week remaining! As mentioned in my previous piece, Tom Cowie made his money in the world of transport and was a friend of my fathers, but by the time he became chairman in 1980 I was working away from Wearside down in Hertfordshire. In the six years since he took over at the Hampshire club they have risen from the Conference South to the National League and their ground has undergone extensive redevelopment. [1] Sunderland AFC [ edit] Murray was born in Consett, County Durham. If current owner Stewart Donalds gamble had paid off to get The Black Cats promoted in 2019, he would have been hailed as a hero, and the whole rather dubious funding issue that later emerged would have been buried in a deal to attract funds and transition us into a competitive Championship outfit. They treated Nigel Pearson shabbily just before their relegation from the Premiership last spring. "Many will be aware of my family connections to the industry and, in acquiring Sunderland AFC, I understand the responsibility thats placed upon me as the custodian of the clubs future.". Cowie was regularly at loggerheads with his incumbent team managers Alan Durban, Len Ashurst and Lawrie McMenemy but held on until Bob Murray became chairman in 1987 following our first relegation to the old Third Division. We respectfully await the EFLs approval for this transaction. But where does Louis-Dreyfus rumoured net worth rank alongside every Premier League owner and a couple of prospective new Manchester United owners? Mr Donald led an international consortium of football investors to buy Sunderland last year. He played on the 1984 United States Olympic volleyball team with Chris Marlowe, who would eventually become his partner on future USA volleyball broadcasts. How much did he pay? Sartori led a takeover attempt at Oxford United last summer and had met with minority shareholder Donald about the takeover. He was a hire which Murray was talked into when calling Wilkinson for advice about who to bring on board after the former Evertonians era. Kendra Sunderland Net Worth Kendra seems to be contented with what she does and feels like what she generates from her profession is impressive. During six years at Eastleigh, Mr Donald said he learned a lot about running a football club. But in the end Reid was sacked in October 2002. Pic: Chris Vaughan - CameraSport via Getty Images. Charlie Methven with Sunderland owner Stewart Donald. To me the main strategic errors have been illustrated in the handling of strikers, as in the case of Josh Maja. Fox News host Tucker Carlson speaks at a National Review Institute event on March 29, 2019, in Washington, D.C. Sartori is married to the daughter of Russian billionaire Dmitry Rybolovlev - better known as the owner of AS Monaco. Rybolovlev was ranked 79th on a list of the worlds richest men with an estimated worth of around $8.5 billion. Under Kyril Louis-Dreyfus, Sunderland have returned to the Championship and have enjoyed a solid return to the second-tier having had a renewed focus on adding young talent to Tony Mowbrays first-team squad. . We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. It has been a torrid start to the season for Sunderland. Gateshead mum hails doctors and nurses of Great North Children's Hospital after six-year-old son gets all clear from cancer, Leland rang the bell to signal he was free of cancer on Friday, and his mam Sarah has praised the staff who supported him as he was in isolation for four months, Newcastle health trust warns people with minor injuries or illness not to go to hospital during nurses strike, Newcastle Hospitals will prioritise emergency treatment and say patients seeking urgent treatment will be seen, Newcastle United transfer rumours as agent reveals Sergej Milinkovic-Savic 'asking price', The latest Newcastle United transfer rumours, How well do you know Geordie phrases? Please enter a valid email and try again. Donald, who is leading a consortium of investors set to buy Sunderland, announced on Sunday that he would be putting Eastleigh up for sale. Here for all things Boxing, UFC, Tennis, F1, Cricket and Golf. John Reece, who grew up in Sunderland, is . The 23-year-old is the son of former Marseille owner Robert. Hoddle was interested in being part of Donalds project to buy a club in 2012. there's always trepidation when it comes to new ownership. How much did he pay? On 24 December 2020, Sunderland confirmed that they had reached an agreement with prospective buyer Kyril Louis-Dreyfus - the 22-year-old son of former Olympique de Marseille owner Robert Louis-Dreyfus - for him to purchase a controlling stake in the club, subject to EFL approval. Sunderland's new majority shareholder", "Louis-Dreyfus acquires controlling interest in Sunderland AFC", "Eastleigh chairman Stewart Donald reveals his 3m cash injection into the club", https://en.wikipedia.org/w/index.php?title=Stewart_Donald&oldid=1152125739, This page was last edited on 28 April 2023, at 10:57. Provided the EFL ticks the right boxes on the proposed new ownership deal, which is highly likely, then in my opinion Sunderland AFC have pulled off a major coup in selling the majority. He is a former volleyball player who won a . He added: Of course you need the results for anything to happen, but if all of that was aligned I believe it would have happened. Robert was the CEO at Adidas as well as the majority shareholder at Olympique Lyonnaise. -- RTE viewers left baffled over 'mad' interview, Refs' group refutes Klopp's claim that referee Paul Tierney made improper comments to him. This site is protected by reCAPTCHA and the Google, This website and its associated newspaper are members of Independent Press Standards Organisation (IPSO). Hes good in football and good in business. Who is new Sunderland owner Kyril Louis-Dreyfus? We are currently in the COVID-19-driven gloom of our third successive League One season and have had to learn live with the anticipated promotions just not happening. After expanding the company into oil and energy it grew to have assets of over $1billion before he then sold it to the management team. In a statement, Mr Donald said: Eastleigh and Oxford are different cases to each other and, of course, smaller than Sunderland. JPMorgan to Acquire Failed Regional Bank First Republic, First Republic Talks Extend Into Night After Banks Place Bids, Warren Buffett Will Beat the Market in Recession Times, Investors Say, Jerome Powell Could Face More Opposition as Fed Choices Get Tougher, Munger Warns Banks Stuck with Commercial Property Debt, FT Says. Paul Sunderland was born in California, United States on Saturday, March 29, 1952 (Baby Boomers Generation). See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive. The similarity, though, is that there is also a lot that needs to be addressed here, and it needs to be addressed with realism, focus and dedication. Although it will be an unpopular view with many fans, Donald does deserve some credit if the slated takeover does take place, given our current position in the league. . Stewart Donald may be facing decision time at the Stadium of Light as rumours circulate about new investors at Sunderland AFC, Get our FREE Sunderland newsletter emailed daily to your inbox by subscribing below. When the club enjoyed two successive top seven Premiership finishes under chairman Bob Murray and manager Peter Reid in 1999-2000 and 2000-2001, average home crowds were 41,375 and 46,780. Ireland international Aidan McGeady is still on the books, along with Aiden O'Brien, while Lynden Gooch is all that remains from the Premier League days. Pic: Richard Lee/BPI/REX. Another multi-billion takeover could be set to rock the Premier League with the takeover of Manchester United dominating the headlines. Sunderland 'Til I Die song: What is the song in Sunderland Till I Die? This means that we may include adverts from us and third parties based on our knowledge of you. Will Grigg transfer fee: How much did Sunderland pay for Will Grigg? As far as manager Jack Ross is concerned, he has not even put foundations in yet. He is a former volleyball player who won a gold medal as a member of the USA Olympic volleyball team in 1984. Web Incredibly 23-year-old Kyril Louis-Dreyfus heir to a 4billion fortune has been installed as the clubs new . He also stated his intention to still remain a minority shareholder once the club had been sold. In May 2017, with the club now one division higher in the National League, he told the Southern Daily Echo that he would repeat his total investment of 10 million in the club in the aim of getting them into the English Football League. Louis-Dreyfus' family is one of the wealthiest in the world.