Moyes staying

Thats put a downer on my day

I'm quite happy about it, for me he deserves a fair chance and a clean slate so I watch with interest to what the summer brings.

Good. Don't want to wait for half the summer waiting for someone to join and then putting in yet another new plan and leve us all wondering whether they'll be any good. Moyes has a head start and knows what he's got to work with. Plan A rebuild continues.

David Moyes facing cash crisis at Sunderland as Championship rebuild is severely hampered by finances


Moyes' future is still far from certain to stay on despite a "very good" opening round of talks with owner Ellis Short


BYSIMON BIRD

• 22:30, 5 MAY 2017
  
• UPDATED22:56, 5 MAY 2017
  

SPORT

[You must be registered and logged in to see this image.]Black Cats boss David Moyes 
David Moyes is facing a shocking financial situation at Sunderland that could determine his future.
The Sunderland boss is still far from certain to stay on despite a "very good" opening round of talks with owner Ellis Short.

The cash crisis facing the club has been laid bare – and it will hamper Moyes’ wish to to rebuild for promotion in the Championship.
It emerged today that Sunderland are £137m in debt, £68m of bank loans and £69m to Short.
They are paying £7m a year in interest payments, and had a £83m wage bill according to accounts to July 31, 2016.


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Moyes shows his dejection (Photo: Action Images via Reuters)

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Sunderland fans react to relegation (Photo: PA Wire)

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The Black Cats will start next season in the second-tier (Photo: Reuters)
It was aso revealed the club gave former MD Margaret Byrne, who departed after the Adam Johnson scandal, an £850,000 pay off.
Unless Short pumps more of his cash, bouncing back at the first attempt will be difficult and Moyes knows that.
He has suffered chants asking for him to quit, but says Short and MD Martin Bain want him to stay in charge.

Moyes hinted that he could stay on but said: “I'll know more come the end of the season, once we see exactly what we're able to deal with, what we can work with, then we'll know exactly what we can do.


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Sunderland chief Ellis Short (Photo: Getty)


“All I have done is go in and talk about some of the things that have gone on in the past and how we look to address it in the present. We have not nailed down everything because we have only had an initial conversation.
“I want to be able to have a team which would come straight back up. When we get to the end we will have another conversation.
Moyes has been criticised for admitting last August the club was in a relegation fight.
He explained: “When I look back on it I was very honest, forthright, told people what I thought.


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Pickford has attracted interest from Premier League clubs (Photo: PA Wire)

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Defoe looks set to stay in the Premier League (Photo: Getty)
"I came to a part of the country where, I was led to believe, that was the way people wanted speaking to. I told them exactly.
"We'd been in a relegation battle the four previous seasons. You want managers to tell the truth and I do."

Sunderland have ten out of contract players and three loans with future in doubt.
Moyes added: "We can only lose the ones who are out of contract. Jordan Pickford is in contract so there's nothing to say we'll lose Jordan.”
Star man Jermain Defoe has a clause saying he can leave on a free because they are relegated.