No financial collapse, say Sunderland

CHAIRMAN Bob Murray last night insisted Sunderland are not on the brink of financial collapse.

The Black Cats have called in the PFA as they attempt to rationalise the business, a process which could include players accepting a deferred payment of part of their salaries.

However, the Wearsiders insist they involved the PFA more than three months ago after it became clear that their stay in the Barclaycard Premiership was over and that they would have to take radical action to address debts spiralling towards £30million.