Mackems Set To Go into Administration!

By Matthew Jones
July 13 2003

Sunderland, have asked the PFA (Professional Footballers' Assocition) to help save the club from going into administration. They are THIRTY MILLION POUND in debt, and cannot afford to keep players on high wages..

Fierce rivals Sunderland, have asked the PFA (Professional Footballers' Assocition) to help save the club from going into administration.

They are wanting the PFA to negotiate with players currently on high contracts with a few years left. Sunderland cannot afford to keep these players so they would like the PFA to have a word with these players.

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 said: "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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