February 15, 2011: Sunderland Announces £27.9m Loss for Previous Season

Sunderland announces that the club lost £27.9m for the 2009-10 football season, £1.4m more than it lost the previous term. The club turned over £65.4m, compared to £64.6m the previous season, so the loss is equivalent to almost 40 percent of turnover. The main cost item was player wages, which were £46.63m, having increased by £2.5m from the previous season. Matchday revenue fell by over a million pounds to £12.6m, whereas television and media payments increased by almost £4m. [Press Association (London), 2/15/2011]