Sunderland AFC's accounts explained

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.

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.

1. Turnover

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.
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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.

2. Gate Receipts

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.
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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.

3. Wage Bill

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.
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The club's loss before taxation almost doubled over the period, up from 10,248,000 to 19,912,000.

4. Loss during the 2017/18 season

The club's loss before taxation almost doubled over the period, up from 10,248,000 to 19,912,000.
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