Two outside parties in talks with Stewart Donald and Charlie Methven to buy Sunderland shares
Although Donald and Methven no longer sit on the Championship club’s board, the pair still hold a combined 39% stake, despite being unpopular with supporters.
Methven has previously said he and Donald are ready to sell their combined shares for £11.7m (equivalent to a club valuation of £30m).
It has since been reported that Donald and Methven were in talks with two outside parties to sell their shares.
According to The Athletic, members of The Fans Together (TFT) group were guests in the meeting room for the first leg of Sunderland’s play-off semi-final against Sheffield on Wednesday at the Stadium of Light, when they agreed a stamp with Donald and Methven. .
A spokesperson for the group told The Athletic: “The Fans Together, an organization dedicated to bringing widespread fan ownership to life on a large scale, confirms that it is in talks with Stewart Donald and Charlie Methven to acquire the their entire 39% stake in Sunderland AFC.
“At Sunderland, we have deliberately chosen a club with a large fan base that is in a sound financial position and we are keen to work with existing shareholders to continue to build on the momentum gained from recent promotion to the Championship.
“While discussions are ongoing, we are unable to provide further information at this time, but will update fans and wider stakeholders as soon as possible.”
Methven was also quoted in the same article, adding, “We are currently actively engaged with two external parties, both of whom have submitted acceptable offers, and now it’s just a question of which of them, or in fact anyone else, can get the deal done the fastest”,
“The chairman of Sunderland AFC has requested that the sale of our shares be completed before the start of next season if possible, which we fully agree with, but ultimately it is now in the hands of the bidders and their lawyers.”