Kevin Phillips is over the moon Kyle Louis-Dreyfus has completed his takeover of Sunderland.

Speaking exclusively to Football Insider, the Stadium of Light legend expects the “great news” to ignite a big push for promotion between now and the end of the season.

The club announced on Thursday afternoon that the EFL had approved the 23-year-old’s takeover takeover of the Black Cats, with the French billionaire-heir becoming chairman with immediate effect.

Previous owner Stewart Donald will retain a minority shareholding along with Juan Sartori and Charlie Methven.

Phillips believes the news has come at a great time, with Sunderland having booked their place in the Football League Trophy Final after a penalty shootout win over Lincoln City.

“I hope it is the start of a new era,” he told Football Insider correspondent Dylan Childs.

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“It is great news that it is finally done because it has been bubbling away and people were starting to wonder whether it was actually going to happen.

“From a supporters point of view, it’s come at a good time. They got a great result at the weekend and they have also just reached the final of the Football League trophy.

“Is there going to be a big surge from the players and the club now in terms of a push for promotion? I would like to think so. The takeover can only be positive news.

“Hopefully Louis-Dreyfus puts his hand in his pocket and helps, which I am sure he will do. It has to be positive news.” 

In other news, Sunderland tipped to sign Jones permanently after ‘Peanuts’ price tag is revealed.