Kieran Maguire warns Sunderland of 'major issue' after 'magic' Stewart Donald twist
Former Sunderland owner Stewart Donald reducing his stake and now being able to invest in a new club is a ‘major issue’.
That is the opinion of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the boardroom changes at the Stadium of Light this month.
Sunderland released a statement on 17 March stating that both Kyril Louis-Dreyfus and Juan Sartori have increased their stakes in the club to 58 per cent and 33 per cent respectively.
This was done through purchasing the shares owned by former chairman Donald – who lowered his stake in the club to just nine per cent.
Donald took charge of the Black Cats in 2018 following their relegation to League One, but he failed to win over fans and tried to sell the club after just 19 months.
Following his sale of shares, Donald told BBC Radio Solent Sport: “It means that under the rules that if there’s a deal to be done, I can go to another club.”
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Maguire insists that Donald being allowed to work his ‘magic’ at another club is an ‘issue’, but hopes he enjoys more success in his new project.
“In respect of Sunderland, I don’t think the big issue is Kyril Louis-Dreyfus increasing his stake and Juan Sartori doing the same,” Maguire told Football Insider.
“The major issue is that Stewart Donald now owns nine per cent of the club.
“He is now below the threshold which considers him to have significant ownership.
“Therefore, Donald now has the opportunity to wave his particular brand of magic at another club other than Sunderland.
“Hopefully this time with much more successful results.“
In other news, Sunderland cautious about ‘hidden clauses’ after £125m news