Confirmed KLD only owns 41%

[gazc24]

The funny thing is, all that they really needed to do to avoid too much scrutiny was to avoid methven looking like he was too involved in the running of things and leave Kyril at the forefront.

Like literally it was "whys Charlie sitting next to him at the match"

 

[Safc88]

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[KittenMittens]

Thanks.
We will probably never get to see the true detail of what KLDs 41% truly gives him in terms of control as Mercator are a non domiciled company whose articles are likely to be protected by an NDA.
All that we know is that KLD owns 41% of a company that owns 100% of SAFC. Giving him a controlling interest not necessarily majority ownership.

Yep. I think the simplest way of looking at this is that he doesn't have control over the business, so he can't act against the interests of other shareholders or do anything financial without their consent and them matching his commitment, but he does technically have the largest stake in the holding company, and they've given him every role of consequence in terms of how money is spent day-to-day.

 

[Pancho]

@Pancho

Few posts now from the terrorist lover. Ban the mag please as his smell is making me want to hoy up. Plus hes inciting us the stinking fat mess.

Sorted.

 

[Pilot Light]

The funny thing is, all that they really needed to do to avoid too much scrutiny was to avoid methven looking like he was too involved in the running of things and leave Kyril at the forefront.

It was clear from the way appointing Johnson's replacement was managed that there was more going on behind the scenes.
It now looks likely there was disagreement among the controlling interests in the club

 

[Deleted member 31333]

If KLD came out tomorrow and outlined how he is going to take full control and put a timescale against it would that be acceptable? Granted it maybe seen as just words and too little too late for many.

Wouldn’t believe him tbh

 

[North Yorks Mackem]

Technically, yes. !00% of the shares in Sunderland have changed hands. I appreciate fans will not see it that way.

Well of course we don't see it that way as Donald, sartori, and methven own 59% of the club still.

 

[Godric]

Yeah yeah, kld is defo the new owner..

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[ScottDuffman]

Kyril has had a pretty embarrassing few weeks.

 

[samaistonsrightfoot]

What a coincidence the nda finished the day before the fans meeting eh

KLD purposely signed it last year knowing it would expire just in time for this meeting because he's r̶i̶c̶h̶ such a stand up guy.

Definitely nothing to do with the recent atmosphere and media pressure. No siree.

 

[Ch1982]

KLD either turns up tomorrow and fronts up, or he can fuck off. Agreed?

 

[JAZZMANB]

Can you not see how much of a pathetic comment it is? These people have lied through their back teeth to supporters, just to make a few bob, and people are just brushing it off. It’s an absolute disgrace man

I'm missing loads
I'm a busy bloke
I read this affa kld has never told anyone he has more than what he has ?
Did he say somewhere he had 51 %

 

[Weardale warrior]

I was pissed off and at a low anyway. But this explains alot of what has been going on within our club. Nobody minds the truth even if it's not what you want to hear. But I hate being lied too and taken for a mug.

 

[SuperGerryHarrison]

We will never find out this information as the shares are owned by Mercator a foreign domiciled company in which KLD owns 41%. The rights assigned to those shares are likely to be subject to an NDA

If the shares are held in a UK company subject to English law, they surely have to post the articles, regardless of the jurisdiction of where the share owners are based.

 

[one armed boxer]

When does KLD’s trust fund mature allowing him full access??

 

[samaistonsrightfoot]

With Mevthen still hanging around at games. It’s been glaringly obvious for ages now that Madrox have had some sort of say and haven’t gone off into the background

It incredible they went to such lengths to lie and hide their tracks and they ultimately had to come clean because Methven is so f***ing stupid he couldn't stay away from games.

 

[KittenMittens]

Great this btw. Welcome to my world, where I have to grapple with this shite all the time Almost anything can be baked into investment agreements, that's a good rule of thumb. You can have 99% of a company and not be able to wipe your arse without unanimous agreement, and then what do you have? 50%!

 

[Thatheaderman]

Sorted.

Good man. Before few of us get a byut

 

[Gaz]

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Decent article that imo, also suggests journos have been asking the questions and the club pretty much hiding behind a “nda” that suddenly doesn’t exist

 

[AndrewP]

I’m not an expert in this but if KLD has the highest % of shares he has the power over the other Shareholders ( as they only have smaller % ) and each is classed as individuals.

Not how it works, but you'd be right if that's how it worked.