Wilts
New member
On the verge of administration - taken from the BBC Sport site.
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Cash-strapped Sunderland have asked the Professional Footballers' Assocition to help save the club from going into administration.
Sunderland want the PFA to negotiate with the players to defer their wages because the club cannot afford to pay their exisiting salaries.
Already £30m in debt, Sunderland's financial problems have been exacerbated by their inability to offload high wage earners like Kevin Phillips and disappointing season ticket sales.
PFA chief executive Gordon Taylor told the Sunday Sun newspaper: "We are in talks with Sunderland and are trying to come up with a life-saving package.
"The players have been very considerate in deferring payment of a percentage of their wages in the hope the club can solve its financial problems.
"We are giving the players advice and trying to protect them as well as working with the club.
"We are trying to find a formula to please the bank, suit the football club and which is something the players can cope with.
"There are a number of things in the package and the players will be reimbursed."
Manager Mick McCarthy remain tight-lipped over the PFA's intervention after Sunderland's 4-0 friendly win over Durham City on Saturday.
"That's an issue I can't discuss because I haven't talked to my players about it yet.
"I can't say anything until it's all resolved and everything finalised."
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Cash-strapped Sunderland have asked the Professional Footballers' Assocition to help save the club from going into administration.
Sunderland want the PFA to negotiate with the players to defer their wages because the club cannot afford to pay their exisiting salaries.
Already £30m in debt, Sunderland's financial problems have been exacerbated by their inability to offload high wage earners like Kevin Phillips and disappointing season ticket sales.
PFA chief executive Gordon Taylor told the Sunday Sun newspaper: "We are in talks with Sunderland and are trying to come up with a life-saving package.
"The players have been very considerate in deferring payment of a percentage of their wages in the hope the club can solve its financial problems.
"We are giving the players advice and trying to protect them as well as working with the club.
"We are trying to find a formula to please the bank, suit the football club and which is something the players can cope with.
"There are a number of things in the package and the players will be reimbursed."
Manager Mick McCarthy remain tight-lipped over the PFA's intervention after Sunderland's 4-0 friendly win over Durham City on Saturday.
"That's an issue I can't discuss because I haven't talked to my players about it yet.
"I can't say anything until it's all resolved and everything finalised."