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Fan Letters: Sunderland fans discuss reports that club has sizeable hole in its finances

In today’s Fan Letters, Sam and Dave are discussing the club’s parachute monies and the loss of young talent. Both readers want answers - what do you think about these issues? Email us:!

Dear Roker Report,

Yet again, The Mail/Times have nailed SD and shown clearly that he used (I say stole) our parachute money for his personal use and gain. There will now be much more to come out. Can’t wait to hear what Satori’s role is in all this). In reply, the club has given a statement that SD is going to repay all the parachute money he used. This is clearly not being believed by potential buyers and with good reason, given SD track record on the truth. Surely then this is very simple:

On the exchange of contracts, it is written in, that the amount paid by the new owners will be less the money SD owes SAFC and this amount will be paid by the new owners directly into the clubs account. Couldn’t be more simple.

Of course SD will not agree to this, because he wants his hands on this money. it represents all the “profit” he is hoping to walk away with.

Sadly some fans will still not get it or care about what has happened to our club since SD and his sidekicks came on board. We are a mid table Div One team, with no money and all our assets pawned against a loan that SD companies owe. We are in deep ****

Sam Lucas

Ed’s Note [Tom]: Hi Sam, thanks for writing in - I hope you’re safe and well. I was wondering the same thing: if the sale price of the club is now going to be inclusive of the missing parachute monies (i.e. 20 million less than original asking price). Or if it was going to be paid in cash somehow - perhaps from profits of a sale? Either way it’s quite worrying and fans need clarification.

Sunderland v Ipswich Town - Sky Bet League One Photo by Ian Horrocks/Sunderland AFC via Getty Images

Dear Roker Report,

Hi, I would like to comment on the sale of our youth players like Hugil going to Man Utd. Why don’t the board of SAFC stop this happening time and time again? I have watched til I die season two and Charlie Methven only talked about money - he was here for money alone and I’m glad he left.

Stewart Donald says he loves SAFC, but I have my doubts. Take Josh Maja, Donald was seemingly in the dark when they sold him to Bordeaux, surely the owner of a football club the size of SAFC should have been informed of this? I think he knew all about it - the money they got was a pittance of what he was worth, he was worth 10 times the amount Bordeaux payed - bad business.

I have been a SAFC supporter for 65 years, but it’s the worst team I’ve seen. As always, though, I’ll support them til I die.

Mr. Dave Hall

Ed’s Note [Tom]: Hi Dave, hope you’re safe and well. I think the issue with the youngsters leaving is also something that is being heavily debated right now. Are we actively selling these young players? Or are we stuck between a rock and a hard place unable to keep them? Either way, there are questions to be answered - just like the issue with the parachute monies.

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