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Post  cyprussyd on 2019-06-04, 1:03 am

Sunderland owner Stewart Donald in line to sell majority of his shares in League One club just 13 months after buying Black Cats with US investor Mark Campbell set to take charge


  • Sunderland owner Stewart Donald is to sell 64 per cent of his stake in the club

  • US investor Mark Campbell is in line to become the new majority shareholder 

  • Uruguayan businessman Juan Sartori will also sell his 10 per cent to Campbell

  • Donald purchased his shares in the Wearside club just 13 months ago 


By MATT LAWTON FOR THE DAILY MAIL  and CRAIG HOPE FOR THE DAILY MAIL
PUBLISHED: 22:11, 3 June 2019 | UPDATED: 23:23, 3 June 2019

American businessman Mark Campbell is in line to become the new majority shareholder of Sunderland, taking a 74 per cent stake in the club.
Sportsmail can reveal that the deal would see Campbell acquire 64 per cent from owner Stewart Donald and 10 per cent from Uruguayan investor Juan Sartori.
That would leave Donald and Sartori each with a 10 per cent stake, and executive director Charlie Methven is likely to retain the six per cent share he was given by Donald for brokering the purchase of the club from Ellis Short just 13 months ago.
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Sunderland owner Stewart Donald is set to sell 64 per cent of his stake in the League One club



Campbell has undertaken due diligence and it is expected that the deal will go through before the end of month.
Manager Jack Ross, whose side were beaten by Charlton in the League One play-off final, will stay, and former Celtic scout John Park will arrive as director of football.
Sunderland insist they are still talking to other parties, but sources have indicated that Campbell is the only serious contender left to take control. The stockbroker was sitting next to the current chairman at Wembley last weekend.
Methven told Sportsmail: 'We expect a resolution or some clarity before the end of June and in time for pre-season.
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'It is a case of re-examining the situation and asking, "Is it the right deal at the right time?" We have to consider what we think is best for the club in the short, medium and long term.
'Stewart has said that he is in discussions with a number of potential investors, and three or four of those are still in play. 
'No share purchase agreement has yet been signed, and were it going to be a new majority shareholder, they would still need to go through the EFL approval process.
'So it remains a possibility that Stewart will stay in control and nothing will change. The necessity for investment is no longer there because we will still be in League One next season.'
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Donald purchased his shares in the Wearside club just 13 months ago 
The value of the deal is unknown, given that talks began before failure to gain promotion, but it is understood that a figure of £50million for a full takeover had been mooted. It is also unclear what position Donald, who is currently chairman, will hold.
Donald bought the club for around £37m just over a year ago. He has since confirmed that a chunk of the club's Premier League parachute payments were used to complete that deal. 
It is not known if any of that outstanding money will be paid back to the club should Donald sell the majority of his stake.
Campbell is said to be heading a New York-based consortium with links to the Far East.

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Post  canary-dave on 2019-06-04, 4:33 am

It's the Daily Mail so needs a reliable confirmation!

ie from Stuart Donald  like

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Post  MrRAWhite on 2019-06-04, 6:18 am

I agree with dave

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Post  cyprussyd on 2019-06-04, 7:55 am

Sunderland chairman Stewart Donald has spoken openly and honestly about potential investment coming into the club this summer.
The Black Cats are facing the reality of a second year in the third tier of English football after Charlton Athletic struck in the 95th minute of Sunday’s Play-Off Final to achieve promotion.
That’s left the Lads with deep wounds to lick as they now go away and rest before returning for pre-season in July ahead of the 2019-20 campaign. 
Speaking to safc.com following the close of his first year in office as chairman, Donald shared his affection for the club before outlining plans for potential investment in the coming weeks.
“In the short term we have turned the club around from one that was losing a lot of money to one that will probably make a little bit of money next year,” he said.
“We haven’t had to spend anywhere near as much as we budgeted to achieve that. There’s money left in the pot so we’re in a really strong financial position.
“We’ve always talked about investment for the long term and over the summer now is the time to change the structure for the long term and exercise one of those options.
“Over the summer and next couple of weeks, I have got to decide whether or not I want to take one of these options.
“The football club has got under my skin, there’s no doubt about that and there’s nowhere I’d prefer to be than at Sunderland. Once you’ve watched football here and you’ve been in with the fans - you realise it's the place to be.
“It’s a great football club and I don’t think there’s a better one.”

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Post  Kipper on 2019-06-04, 9:00 am

Get it settled sooner rather than later then Ross knows what he's got to play with.
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Post  cyprussyd on 2019-06-04, 12:56 pm

US investor Mark Campbell set to become Sunderland's new majority shareholder

By Keith Downie, Sky Sports News north-east reporter


Last Updated: 04/06/19 12:35pm




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[size=14]American businessman Mark Campbell is set to invest in Sunderland


American businessman Mark Campbell is set to become the new majority shareholder of Sunderland, with Stewart Donald close to selling most of his controlling stake.
Sky Sports News understands Campbell will acquire at least 54 per cent from current owner Donald and 10 per cent from Uruguayan investor Juan Sartori.

It will leave Donald with 20 per cent, Sartori with 10 per cent and executive director Charlie Methven retaining his six per cent share.
[/size]

Sky Sports News have been told Donald could be left with as much as 25 per cent, although it is unclear where the additional five per cent will come from.
Nevertheless, Campbell will become the majority shareholder and is expected to take the title of chairman.

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Stewart Donald bought Sunderland last year and will sell the club for a profit


Donald only bought Sunderland just over a year ago at a cost of £37m, but is set to sell the club at a profit.
It is understood Campbell will bring in former Celtic talent spotter John Park as director of football to work above manager Jack Ross next season.
Park is credited with unearthing Champions League final stars Virgil van Dijk and Victor Wanyama from little-known clubs Groningen and Germinal Beerschot respectively.

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Former Celtic talent spotter John Park is set to work with Sunderland manager Jack Ross (pictured)

He is highly thought of in Scotland, and Neil Lennon had been keen to bring him back to Celtic with him.
Ross met with Park earlier this year, with Donald having admitted he has been in talks with Campbell for months.
Stockbroker Campbell, who attended the League One play-off final alongside Donald, has also been in talks with Scottish club Falkirk over investment in the relegated League Two club.

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Sunderland were defeat in the League One play-off final by Charlton

It is understood Campbell's consortium will involve money from Singapore.

Sunderland insist they are still talking to other interested parties, and say Donald may yet remain at the helm with the EFL approval process still to be ratified.
Sky Sports News have been told Campbell has undertaken due diligence and is set to complete his takeover later this month.

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Post  Kipper on 2019-06-04, 3:25 pm

Are you taking the positives from this Syd or are you wary that the engagement with the fans and the good work of our current owners will be undone?
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Post  cyprussyd on 2019-06-04, 5:15 pm

Kipper wrote:Are you taking the positives from this Syd or are you wary that the engagement with the fans and the good work of our current owners will be undone?
I'm putting my trust in Donald but there is a small bit of unease in me, I guess its the reaction to change that none of us like but we all need.

If Donald remains in a position of power and the new owners bring in substantial financial backing it can only be good.

It shows we are going in the right direction after years of decline and hopefully sends out a positive message of ambition to transfer targets.

Still excited about the future and still looking forward to the new season.

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Post  Kipper on 2019-06-04, 6:36 pm

Well that pretty much reflects my own thoughts.I like Donald and didn"t think such significant change would come this soon, but needs must.
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Post  Black Cat Kiwi on 2019-06-04, 10:39 pm

cyprussyd wrote:
Kipper wrote:Are you taking the positives from this Syd or are you wary that the engagement with the fans and the good work of our current owners will be undone?
I'm putting my trust in Donald but there is a small bit of unease in me, I guess its the reaction to change that none of us like but we all need.

If Donald remains in a position of power and the new owners bring in substantial financial backing it can only be good
.


It shows we are going in the right direction after years of decline and hopefully sends out a positive message of ambition to transfer targets.

Still excited about the future and still looking forward to the new season.

#fingersandtoescrossed

Ps. The last fella invested huge amounts & 'allegedly' lost it  Rolling Eyes

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Post  barrowmackem on 2019-06-05, 3:51 pm

Another Yank,  Shocked lets hope he knows more about running a football club than the last one.

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Post  cyprussyd on 2019-06-10, 6:41 pm

Mark Campbell’s plans to become majority shareholder at Sunderland remain on course with the deal expected to go through by the end of next week.

Campbell is an Englishman, not American, and he has business interests in the UK and New York.
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The Mark Campbell-led Sunderland takeover is on track and expected to go through later next week.




A date of June 19 had been reported for the Campbell-led consortium to come on board at the Stadium of Light but the Echo understands it is likely to be later next week.

The Echo can also reveal that Campbell’s background is in real estate, not in the stock market, as reported elsewhere.

The Campbell-led consortium of English businessmen is set to become the majority shareholder at Sunderland, but current chairman Stewart Donald will retain a place on the board with a significant stake and still play a big role moving forward next season.

Uruguayan investor Juan Sartori and Charlie Methven will also remain as shareholders, with the new consortium set to take somewhere between 54 and 74 per cent.
Due diligence has been completed though any change in the majority shareholder status is subject to the EFL approval process, though there is confidence a deal will be completed by next week.
As previously reported Jack Ross will remain in charge even if there is a change in ownership and as the Echo reported earlier this summer, if the new consortium gains control then ex-Celtic scout John Park is set to arrive as director of football.


Sunderland executive director Methven had previously said he expected some clarity on the situation before the end of the month.
The Sunderland squad and coaching staff are currently taking a break following a 61-game season that ended in the League One play-off final defeat to Charlton Athletic.
Donald, Methven and Sartori took charge of Sunderland last summer after they bought the club from former owner Ellis Short in a deal worth around £40million.
Ross was appointed manager shortly after and he will be given scope to revamp the squad this season ahead of a promotion push second time round following the disappointment of last season.

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Post  Kipper on 2019-06-11, 8:51 am

cyprussyd wrote:

Mark Campbell’s plans to become majority shareholder at Sunderland remain on course with the deal expected to go through by the end of next week.



Campbell is an Englishman, not American, and he has business interests in the UK and New York.
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The Mark Campbell-led Sunderland takeover is on track and expected to go through later next week.






A date of June 19 had been reported for the Campbell-led consortium to come on board at the Stadium of Light but the Echo understands it is likely to be later next week.

The Echo can also reveal that Campbell’s background is in real estate, not in the stock market, as reported elsewhere.

The Campbell-led consortium of English businessmen is set to become the majority shareholder at Sunderland, but current chairman Stewart Donald will retain a place on the board with a significant stake and still play a big role moving forward next season.

Uruguayan investor Juan Sartori and Charlie Methven will also remain as shareholders, with the new consortium set to take somewhere between 54 and 74 per cent.
Due diligence has been completed though any change in the majority shareholder status is subject to the EFL approval process, though there is confidence a deal will be completed by next week.
As previously reported Jack Ross will remain in charge even if there is a change in ownership and as the Echo reported earlier this summer, if the new consortium gains control then ex-Celtic scout John Park is set to arrive as director of football.


Sunderland executive director Methven had previously said he expected some clarity on the situation before the end of the month.
The Sunderland squad and coaching staff are currently taking a break following a 61-game season that ended in the League One play-off final defeat to Charlton Athletic.
Donald, Methven and Sartori took charge of Sunderland last summer after they bought the club from former owner Ellis Short in a deal worth around £40million.
Ross was appointed manager shortly after and he will be given scope to revamp the squad this season ahead of a promotion push second time round following the disappointment of last season.

Onwards and upwards. Happy that Donald is still involved.
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