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Kyle Newbould

The Fans Together investment group issue follow up statement regarding proposed Sunderland buyout

Football ownership group ‘The Fans Together’ have resurfaced after a fortnight of silence regarding their proposed investment in Sunderland. The group reissued a statement on social media amid speculation over their intentions to buy out the shares of Stewart Donald and Charlie Methven.

The duo relieved themselves of the majority ownership when they sold a 41% stake in the club to 25-year-old businessman Kyril Louis-Dreyfus, and have since made clear their intentions to offload their final 39% share. And the Cryptocurrency group, which owns Greek Super League 2 side FC Episkopi, have made clear their intention to buyout the pair, much to the derision of many Black Cats fans.

The group were present at Wembley, according to the Athletic , to watch the 2-0 playoff final win against Wycombe Wanderers which won promotion to the Championship, adding that the 39% share that the two own is worth around £11.7 million.

READ MORE: Sunderland hopeful of re-signing loan duo Jack Clarke and Nathan Broadhead

Sky Sports News presenter Tom White posted a statement from the crypto group at the start of June, but since then there has been only silence. And now the TFT Twitter account has posted a statement, along with a short message.

"Apologies for our silence, we have to rely on our original statement as shown in full below," a post on social media read. "We hope to be able to communicate soon with a degree of freedom.

“The Fans Together, an organisation dedicated to bringing large scale widespread fan ownership to reality, confirms it is in discussions with Stewart Donald and Charlie Methven to acquire all of their 39 per cent stake in Sunderland AFC.” The reissued statement read.

“In Sunderland, we have deliberately chosen a club with a large fan base that is in a sound financial state and we are keen to work with existing shareholders to continue to build on the momentum achieved through the recent promotion to the Championship.

“While discussions are ongoing, we are unable to provide further information at this moment in time, however we will update fans and wider stakeholders as soon as possible.”

Along with the official statement, a tweet read: “Apologies for our silence, we have to rely on our original statement as shown in full below. We hope to be able to communicate soon with a degree of freedom.”

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