Not a penny more!SUNDERLAND'S board said today that there is no more money left to bankroll the club's Premie...more » Video nasty haunts CaldwellSUNDERLAND'S under-fire players spent Halloween viewing a video nasty of their 4-1 defeat agains...more » Collins' dead leg worryDANNY Collins and Tommy Miller are battling against the clock to overcome dead legs and ease Mick Mc...more » Character test!DEAN WHITEHEAD accepts Sunderland's struggling young squad is facing its biggest test of charact...more » McCarthy honest, but culpableMICK McCarthy dropped a clanger at the weekend when he allowed injured Tommy Miller to come out for ...more » Boos won't help, says StubbsALAN STUBBS says Sunderland's boo-boys will only make it harder for the Black Cats to survive in...more » Mick seeks home helpSUNDERLAND take on Portsmouth in the battle of the Premiership under-achievers this Saturday with Mi...more » PETER WALKER Not a penny more! SUNDERLAND'S board said today that there is no more money left to bankroll the club's Premiership survival bid. The Black Cats – sitting bottom of the Premiership after 11 games - are still £40million in debt and say they have already thrashed out a deal with their lenders to pay the money back at a lower rate.

The club's first financial report since de-listing from the Stock Exchange today revealed an £8.8million loss in the year ended July 31, due to investment in promotion.

Chief executive Peter Walker said: "We have invested the maximum possible in the squad and, despite a difficult start, it is vital that the club and its supporters continue to give the team all the support possible for the rest of the season.

"Any additional spending will have to be funded through increasing income in areas such as retail, match-to-match ticket sales, part season-ticket sales, corporate sales, and so on.

"Since promotion, all available resources have been directed to team strengthening, including additional funds made available by lengthening the repayment periods for our two bank loans.

"It is important that everyone connected with the club stays positive and continues to give Mick and the players our support as they work very hard to progress."

But the club can hardly be accused of penny-pinching after maintaining a wage bill of more than £16million last season – double that of all but four other Championship clubs.

Including wages, transfer fees and other costs, the club says it has spent more than £10million on the squad since promotion, but that has brought a return of only five points so far this season from 11 games.

Sunderland's turnover in the year ended July 31 was £25.45million, down from £28.531m the previous year. This was mainly due to having les income from play-off and cup games.

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