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The circumstances at all three clubs are very different

Newcastle United’s financial results should read as a warning to Championship bound SunderlandThe Magpies have released their financial results for 2015 16 and no amount of schadenfreude will make it comfortable reading for the Black Cats18:00, 6 APR 2017Get Sunderland AFC updates directly to your inbox+ SubscribeThank you for subscribing!Could not subscribe, try again laterInvalid EmailIf Sunderland chairman Ellis Short read through Newcastle United’s financial results for 2016, it will have sent a shiver through his wallet.When it came to dropping into the Championship, the Magpies went first of the North East’s big three. Twelve months on, relegation is looming for the Black Cats Canada Goose Sale, and more than likely Middlesbrough too.The circumstances at all three clubs are very different, but the comments which accompanied Newcastle’s numbers were a stark warning to the Texan.Like Mike Ashley the last time Newcastle went down in 2009, Short is looking to sell his club. Like Ashley, he now has to decide whether to swallow his medicine and try to get back up first.Such are the riches on offer in the Premier League, Sunderland’s price will plummet as soon as relegation is confirmed.

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