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Confirmed KLD only owns 41%

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The Beautiful Game said:
KLD has outright lied to supporters on two occasions twice now. Once about having a controlling interest and once about the NDA. He's as shady as the rest of them in my eyes now and it'll take some convincing to shift that in the eyes of me and many fans now.
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I think they used clever words which implied controlling interest but definitely a snake oil statement. As I say the board is largely his board though. But at less they’ve come clean. Not sure why the NDA is a lie. He said it might change in the future. Let’s see what tomorrow brings before we burn Pritchard
 
What does this mean for decision making at the club if KLD doesn't have voting rights over the rest? Would it literally come down to needing a 3:1 majority in agreement to get things through :lol:
 
the breakdown of the 3 amigos to 59%, are they now individual shareholders or are they still a consortium with a controlling stake of that amount?
 
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ontap said:
when and what did he say ?
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18 February 2021.
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Sunderland AFC today received approval from the English Football League for Kyril Louis-Dreyfus to acquire a controlling interest in the club, signalling the start of a new era on Wearside.

Stewart Donald said: “I am delighted to welcome Kyril Louis-Dreyfus to the club as our new chairman and controlling shareholder.
 
sir rowell cummins said:
I totally expected this to be the case. I respect them for being honest - he said he’d be honest.
Really don’t know enough about Sartori to worry or be reassured. That’s where the clincher is really. I suspect that he Methven and KLD retain the power and maybe it’s in our benefit for KLD and Methven to be close if that dilutes Donald. Also the board looks largely KLD’s team with the odd exception.
No beef with KLD at all, I’ve no beef with Speakman either. As I said yesterday he’ll have put his plan to the board. He’ll have had a budget. His plan might need amendment but it will have needed the board’s approval so going on at him is pointless in a way. I was scoffed at by the chief scapegoaters yesterday for saying this. He’s the fall guy.
The ultimate beef as always is with the greedy Donald who wants his dollar despite failure and wouldn’t relinquish his power. The challenge is how to get Donald out without ruining our progress which I suspect isn’t in our hands whatever noise we make. They bought a distressed asset to make money and they’re gonna make it.
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Look at this pile of shite man. Backtracking all over the place, calling people out left right and centre for weeks.
 
sir rowell cummins said:
I think they used clever words which implied controlling interest but definitely a snake oil statement. As I say the board is largely his board though. But at less they’ve come clean. Not sure why the NDA is a lie. He said it might change in the future. Let’s see what tomorrow brings before we burn Pritchard
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They've only come clean because they've been found out have nowhere to turn now.
 
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