Stewart Donald

Stewart Donald (born 1974/1975) is an English businessman and football administrator. Based in Witney, Oxfordshire, he is the owner and former chairman of Sunderland A.F.C. and former CEO of Bridle Insurance.[2]

Stewart Donald
Born1974/1975 (age 45–46)[1]
NationalityEnglish
Known forOwner of Sunderland A.F.C.
Net worth£8.4 million (April 2018)[1]

Career

As of 2018, Donald has worked in the insurance industry "for more than 20 years".[1] Donald and business partner Neil Fox have "acquired a string of companies".[1]

On 3 September 2019, Donald sold Bridle Insurance to Finch Group.[3]

Football

In February 2010, he bought Eastleigh F.C. in the Conference South. In May 2017, with the club now one division higher in the National League, he told the Southern Daily Echo that he would repeat his total investment of £10 million in the club in the aim of getting them into the English Football League.[4] He developed a reputation for being careful with money, saying that he "hit the roof" because the club were giving free bottles of water to players who would only drink half; he saved the team £500 by stopping this.[1]

In July 2015, Donald paid £500,000 to buy a 10% stake in Oxford United, the club he had supported his whole life and previously donated to. He did not become a member of the board due to conflict of interest relating to his role at Eastleigh.[5]

In April 2018, Donald was chosen to be the leader of a consortium offering to purchase Sunderland, who were put up for sale by billionaire owner Ellis Short after a second successive relegation to League One.[6] He agreed to sell Eastleigh so that he could own Sunderland.[7] On 21 May, he officially became owner of Sunderland, doing so without the consortium to speed the transition.[8]

On 31 December 2019, news broke that Donald was reportedly trying to sell the club after 19 months of ownership, due to backlash from fans.[9][10] A week later, the board stated that it would look to sell the club because "long-term success cannot be achieved by a disunited club".[11] In an interview with TalkSport in April 2020, Donald stated that he was aware that he had made mistakes during his tenure as owner and that he understood the fans dissatisfaction. He also stated his intention to still remain a minority shareholder once the club had been sold.[12]

In an interview with BBC Radio Newcastle on 17 July 2020, Donald publicly named his asking price to purchase the club to any interested parties. He denied accusations from supporters that he was "being awkward" over the sale of the club and reaffirmed that "I know fans want me out and I'm desperately trying to get out".[13] One day later on 18 July 2020, Donald stepped down as chairman of the club.[14]

Personal life

Donald is married,[15] and lives in Witney, Oxfordshire.[6]

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References
  1. Kelner, Martha (30 April 2018). "Who is Stewart Donald, Sunderland's prospective new chairman?". The Guardian. Retrieved 7 May 2018.
  2. "Update from Stewart Donald on Bridle". Sunderland Association Football Club. 2019-10-02. Retrieved 2019-10-02.
  3. Gangcuangco, Terry. "Ethos Broking partner Finch Group swoops for Bridle Insurance". Insurance Business. Retrieved 2019-10-02.
  4. "Eastleigh FC owner Stewart Donald has spent £10m .... and would do it all again!". Southern Daily Echo. 3 May 2017. Retrieved 7 May 2018.
  5. Pritchard, David (2 July 2015). "Stewart Donald invests more than £500k to buy Oxford United stake". Oxford Mail. Retrieved 7 May 2018.
  6. Mennear, Richard (29 April 2018). "Who is Stewart Donald? The Eastleigh chairman set to take control of Sunderland". i. Retrieved 7 May 2018.
  7. Stone, Simon (4 May 2018). "Sunderland: Prospective owner Stewart Donald agrees sale of Eastleigh". BBC Sport. Retrieved 7 May 2018.
  8. "Sunderland: Stewart Donald completes takeover from Ellis Short". BBC Sport. 21 May 2018. Retrieved 21 May 2018.
  9. "Stewart Donald: Sunderland owner trying to sell club after 19 months". BBC Sport. 31 December 2019. Retrieved 17 January 2020.
  10. "Sunderland Fans Launch Furious Twitter Protest Calling for Owner Stewart Donald to Sell Club". 90min. 27 December 2019. Retrieved 17 January 2020.
  11. "Club statement". Sunderland A.F.C. 7 January 2020. Retrieved 17 January 2020.
  12. https://talksport.com/football/efl/694073/sunderland-owner-stewart-donald-sell/
  13. https://www.bbc.co.uk/sport/football/53446645
  14. https://www.bbc.co.uk/sport/football/53457685
  15. "Eastleigh chairman Stewart Donald reveals his £3m cash injection into the club". Daily Echo. Retrieved 21 January 2019.
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