Sunderland was knocked out of the FA Cup and the Carling Cup after losing against Hull City and Manchester City which gives Gus Poyet and his team the chance and time to solely focus on the Premier League where they currently are struggling as they located at the bottom of the standings and with only 9 matches remaining, the next results will decide if they get relegated or not.
The Premier League club has announced their financial state and registered a €23 million loss and it will get even worse for the club if they are unable to survive in the Premier League for the upcoming season.
If Sunderland gets relegated, this means that the TV income will go down from €44 million to €26 million as well as having many other losses including the possibility of having to cut down their wage bill by releasing players and not being able to sign new players unless they are free agents.
Ellis Short is the owner and chairman of the club and he stated even if things do get even tougher for Sunderland and they do get relegated, he has pledged to continue supporting the club.
“The directors consider the major risk of the business to be a significant period of absence from the Premier League. Ongoing investment in the playing squad aims to reduce this risk. The directors consider the main market risk to the business to be the interest rates on the bank loan and the banking facilities.” Ellis Short revealed
The remaining matches that Sunderland has left will see them facing off against Liverpool, Tottenham, Chelsea, Everton, West Ham, Norwich City, Cardiff City, Manchester United and Swansea City.