Companies House filing details new Sunderland loan with Macquarie | OneFootball

A Companies House filing dated 13 February shows Sunderland have extended their financing with Macquarie, securing a fresh loan against Premier League central funds until June next summer.

The club had already borrowed from the Australian bank in October last year, using TV income from January to April this year as security. At a supporter meeting, Chief Business Officer David Bruce said the club are in a strong financial position.

Sunderland now have two creditors at Companies House after opening a credit facility with Akira BV earlier in 2025. Linked to owner Kyril Louis-Dreyfus via the Louis-Dreyfus group chaired by Margarita, Akira holds a charge including the Academy of Light, and the facility cleared the overdraft, ending a debt-free position.

The latest Macquarie deal was signed by Louis-Dreyfus and witnessed by director Igor Levin. Debt has climbed under Louis-Dreyfus and Juan Sartori, mostly as interest-free loans to holding company Mercator, reaching £19,820,000 in the most recent accounts. The owners intend to convert this to equity, but it has not yet happened.

Sunderland voted to move from PSR to Squad Cost Ratio ahead of 2026/27. SCR limits first-team squad costs to 85% of projected revenues agreed with the Premier League and operates in real time.

The 2024/25 accounts, due next month, are expected to show a strong performance, excluding most of last summer’s transfer spend while including the sales of Tommy Watson, Jobe Bellingham and Jack Clarke. Promotion bonuses will partly offset those gains, and underlying revenue is described as strong.

Source: Sunderland Echo