Donald reveals why he has resigned
Stewart Donald has resigned as Sunderland chairman – days after a heated meeting with supporter groups.
The Black Cats’ majority shareholder confirmed that he will be stepping down as chairmanas he looks to sell the club. And while a deal to buy Sunderland isn’t thought to the close, Donald has stepped back from his role of chairman of the club – having told supporters on Thursday that he would be willing to resign should fans feel that was in the best interests of the club.
Reflecting on the decision, Donald said: “Holding this position has been a privilege, and not one I have given up lightly. Results and performances on the pitch have simply not been at a level befitting of Sunderland’s history and potential. I fully recognise that has caused immense hurt and, ultimately, the buck for the club starting a third successive season in League One stops with me.
“To give the club the best chance of achieving its goals, I have made the judgement that it is right for me to step back from the chairmanship. In recent months, we have assembled a strong board with relevant experience and skillsets. My intention remains to sell SAFC to a suitable new owner, and I remain personally committed to that goal. I would like to place on record my gratitude for the wonderfulsupport that I have received since my arrival at the Stadium of Light. Without that support, the club would currently be facing a very uncertain future, as so many others are. Instead, starting from a position of relative financial stability, I hope that this moment will provide a springboard to the success that we all crave and S AFC fans deserve.” Sunderland’s new chairman will be named after next board meeting.