Sunderland have received approval from the Football League for Kyril Louis-Dreyfus to acquire a controlling interest in the club.
According to the club’s official website, Louis-Dreyfus has become the club’s new chairman with immediate effect
Stewart Donald, Juan Sartori and Charlie Methven will each retaining a minority shareholding.
Louis-Dreyfus said: “I would like to thank Stewart, the Board of Directors and the EFL for their diligence and support throughout the recent process.
“I am proud to become a custodian of this esteemed institution, but I also recognise the significant responsibility that comes with it.