Fans Together group issues statement on investment in Sunderland and takeover of Donald and Methven

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Football ownership group ‘The Fans Together’ released a brief statement this afternoon regarding their desire to invest in Sunderland AFC. The collective say they are “in talks” to buy Stewart Donald and Charlie Methven’s remaining shares in the club.

The cryptocurrency group is said to be keen to buy Donald and Methven’s remaining 39% stake in the club which they have owned since the summer of 2018. Citing a previous successful track record with Greek Super League 2 club FC Episkopi, Sky Sports Tom White relayed the news via social media.

After selling 41 per cent of the club to Kyril Louis-Dreyfus, 24-year-old Sunderland chairman Donald and Methven have announced they will be taking a back seat in a bid to try and offload their own stakes. Juan Sartori, the Uruguayan businessman and politician, still retains 20 percent.

READ MORE: Sunderland hero Niall Quinn explains why he’s ruling out any kind of return to Wearside

News platform Athleticism learned that the crypto group was in fact present for the Black Cats’ 2-0 victory at Wembley against Wycombe just a few weeks ago, which secured promotion to the second tier after a long four-year hiatus.

White’s post, which has since been shared via Twitter by a spokesperson for ‘The Fans Together’, began by stating, “The Fans Together, an organization dedicated to the reality of large-scale fan ownership, confirms that it is in talks with Stewart Donald and Charlie Methven to acquire 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 want 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.”

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