Sunderland AFC accounts explained: £1million Martin Bain pay-off, staggering drop in turnover and transfer fees owed

Sunderland AFC's accounts for the financial year ending 31 July 2018 have been released - with some key talking points.

By Mark Donnelly
Monday, 29 April, 2019, 17:45
Sunderland AFC's accounts explained

Scroll down and click through the pages as we explain the key highlights from the club's latest set of accounts:

The club's turnover dropped from 123,504,000 to 63,691,000 - a fall of 59,813,000. This was largely due to a decline in broadcasting revenue following relegation to the Championship.
Another key to the decline in turnover was falling gate receipts, with ticket sales down from 8,943,000 to 6,559,000 in the 2017/18 season.
Despite some high-earners remaining on the wage bill, Sunderland's wage bill dropped from 82,691,000 to 46,834,000 following relegation from the Premier League.
The club's loss before taxation almost doubled over the period, up from 10,248,000 to 19,912,000.

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The accounts show payments to a director - believed to be Martin Bain - 1,881,478, including 1,064,498 in compensation for loss of office and 67,924 in pension contributions.
Sunderland were still owed around 16million from other clubs for transfers - which could relate to deals such as that which took Jordan Pickford to Everton.
On the flip side, Sunderland owed other clubs around 19million in transfer fees.
The Black Cats spent just 1.1million on purchasing players in the 2017/18 season.
In contrast, Sunderland pocketed 21.5million thanks to selling players.