A £23m loss at Sunderland in the year to 31 July is better than it looks. It doesn’t include transfer dealings after then, nor does it take account of the new television deal that kicked in this season. Last year expenditure was reduced by £9m to £95m, largely through reducing wage costs.
A £23m loss at Sunderland in the year to 31 July is better than it looks. It doesn’t include transfer dealings after then, nor does it take account of the new television deal that kicked in this season. Last year expenditure was reduced by £9m to £95m, largely through reducing wage costs.
The club’s strategy this season has been to use the television money to pay down its overdraft. The risk is that cutting back in this way rather than splashing out on players may lead to the relegation. The £26m parachute payment in the first year in the Championship would be very welcome, but wouldn’t compensate for the income lost from the Premiership television deal.