'I've Researched It...' - Exclusive: Phillips changes mind over Sunderland takeover update
A takeover from a consortium led by minority shareholder Juan Satori and 22-year-old Kyril Louis-Dreyfus “would make no difference” to how Sunderland are run if Stewart Donald remains on the club board.
That is the view of Black Cats legend Kevin Phillips, speaking exclusively to Football Insider correspondent Dylan Childs about a deal that is in its advanced stages.
Donald took over the club in April 2018 and will retain 15% of his shares if the takeover is completed, according to the Guardian.
Uruguayan businessman and politician Satori already has a 20% stake in the club and was key in bringing in Louis-Dreyfus who is one of three heirs to a £2bn fortune.
Asked by Football Insider what he made of his former club receiving a potential cash injection, Phillips said: “My initial reaction was great.
“We all know that a takeover has been in the pipeline for a long time. A lot of people anticipating when it is going to happen and last week we heard that they had agreed a deal with a consortium.
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“But I have read further and researched it a little bit and for me, does it make a huge difference – a 22-year-old that is going to take control of the club? Donald is still there and Satori is still there – that is the same. Nothing would change.
“Perhaps a little more investment but a 22-year-old who probably knows nothing about football, knows nothing about running a football club – is he really going to make the crucial decisions to take the club forward?
“There might be investment but for me I would like to see a clean sweep of the whole board.
“For me, this takeover would make no difference. I am happy there is fresh investment coming in but I would have liked to haves seen a clean sweep of the whole board.”
In other Sunderland news, Phillips has tipped a 26-year-old to potentially rejoin the club after an unexpected transfer update.