Sunderland chairman Stewart Donald has resigned from the club.

Stewart Donald has stepped down as Sunderland chairman after just two years with the club.

Donald rose to fame during his appearance in the popular Netflix documentary Sunderland ‘Til I Die after leading the consortium that bought the club in May 2018.

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However, the former Oxford owner has since become desperate to sell his 74 per cent stake in the club, with his popularity with fans seriously waning.

Sunderland confirmed Donald’s resignation in a statement released on the club’s official website, with the club set to appoint a new chairman after its next board meeting.

“It has been an honor to hold this position, and not one that I take for granted,” said Donald. “The results and performances on the pitch are not in line with Sunderland’s history and potential.

“I fully recognize that you have suffered a lot and ultimately, the buck stops with me for a club starting a third consecutive season in League One.

Donald hired and sacked former Sunderland manager Jack Ross / George Wood / Getty Images

“In order to give the club the best possible chance of achieving its goals, I have decided that it is right for me to step down as chairman.”

Donald took over the Black Cats before his first season in League One, during his opening campaign with the club, the club reached the play-offs, losing to Charlton in the final.

However, Sunderland missed out on a play-off place during the 2019/20 campaign, finishing eighth after a sluggish start to the season as a result of the coronavirus.

Although he is stepping down as chairman, he will remain the club’s majority shareholder while they continue to look for a buyer. Donald wants to sell the Black Cats for £37.6m.

Sunderland lose to Charlton in 2018/19 play-off final / Harriet Lander/COPA/Getty Images

“In recent months, we have built a strong board with relevant experience and expertise,” added Donald.

“As the majority stakeholder, my remaining responsibility is to ensure that the club receives the financial support it needs to promote its core objective, and I can assure supporters that the club has the best in this division. Most sports budgets will continue.

“Otherwise, my intention is to sell SAFC to a suitable new owner, and I am personally committed to that end. I am grateful for the wonderful support I have received since I arrived at the Stadium of Light. Got it.

“Without this support, the club currently faces a very uncertain future, as do many others. SAFC fans deserve it.

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