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There's no money left admits Sunderland boss

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Sunderland's chief executive has admitted that there will be little money to spend in the January transfer window because of losses and financial fair play rules.   However, the club are not running up the relegation white flag as they propose to hold on to their key players (who might then have to go in a summer fire sale).

Owner Ellis Short is committed to the club, but is prepared to consider offers which would have to be in the region of £170m.   If  anyone else did come in, they would have to make the better management of player trading a key priority.