Sunderland’s financial meltdown revealed
30 April 2019
Record losses during second relegation.
Directors at doomed club make £9.2 million.
Sunderland’s ten-year stay in the Premier League saw them bank the best part of £1 billion.
But the astronomical debts and financial mismanagement have been laid bare in the club’s latest accounts.
They showed that Sunderland recorded a staggering loss of more than £200 million during that period in the world’s richest football league.
It also showed that last season in the Championship, which ended in relegation, the club lost £390,000 every week. Bank interest costs on loans were £120,000 per week.
Richest time in club's history