EFL Championship club Sunderland AFC has announced that Kyril Louis-Dreyfus has become the club’s majority shareholder after increasing his holding to 51%.
The French businessman has been the club’s chairman since February 2021, after initially acquiring a controlling stake in the football club from its previous owner, Stewart Donald. At the time, it made him the youngest chairman in English football.
Louis-Dreyfus has acquired all the shares held by club executive Charlie Methven, who has now left the club, and further shares from Stewart Donald, whose holding is now 19%.
Uruguayan investor and Sunderland co-owner Juan Sartori has also increased his stake to 30%.
In a statement, Louis-Dreyfus commented, “Today marks an important step as we continue to rebuild Sunderland AFC. Following the 2021-22 season, it was the intention of Juan and I to ensure the ongoing speculation relating to the club’s shareholding was addressed as soon as possible.
“Our ownership group has been consolidated and there will be no further sale of shares to a third-party buyer.”
Louis-Dreyfus is also a 5% stakeholder in the French football club, Olympique de Marseille, and has stakes in esports' organisation Ovation.
Sunderland AFC enjoyed a successful 2021-22 season, securing promotion from the EFL League One to the EFL Championship via a win in the playoff final. The team, that play at the Stadium of Light, has been in League One for the past four seasons.