Sunderland agree sale with owner Stewart Donald handing club to 22-year-old

Sunderland’s owner Stewart Donald has agreed a deal to sell the club to a consortium led by a Uruguayan businessman and a 22-year-old.

The Black Cats chief is keeping 15 per-cent of his share as the rest of the side goes to Juan Sartori, already a minority shareholder, and Kyril Louis-Dreyfus.

Son of the former Marseille owner Robert, the youngster is believed to have a trust fund worth more than $2 billion.

Donald has been trying to sell Sunderland since the start of the year, entering an exclusivity period with an anonymous buyer over the last couple of months.

And the Guardian have reported that it is Sartori, the Uruguayan businessman and politician who already owns 20 per-cent of the club, is part of the consortium.

They made an offer to the Black Cats owner after “months” of due diligence and negotiations, with insiders expecting it to be completed in a fortnight.

Another big sign of the deal was highlights when Sunderland cancelled a scheduled meeting with a supporters’ group on Thursday because of the “advancement and sensitivity” of talks.

While Donald – who led a consortium takeover from American businessman Ellis Short in 2018 – will keep hold of 15 per-cent, former chief executive Charlie Methven also retains five per-cent.

Louis-Dreyfus, though, could bring some big figures to the club as one of the three heirs to his dad’s fortune.

The family made their money in agriculture, food processing, shipping and finance, with Robert’s wife taking over the business following his death in 2009.

Forces estimated that his mum, Margarita, was worth $5.6 billion in August while also boasting previous experience of sports business.

The family oversaw Marseille’s sale to former LA Dodgers owner Frank McCourt in August 2016, 20 years after Robert bought it.

While they also held minority stakes in Belgian top-flight team Standard Liege.

Sunderland are in need of a boost, sitting sixth in League One after 10 games – but it has been three years since they were in the Premier League.

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