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Newcastle and Sunderland would lose £55m if relegated

Newcastle United owner Mike Ashley said to the Daily Mirror that there is 'virtually nothing left now' in the club's coffers Credit: PA

Newcastle United and Sunderland stand to lose £55m-£65m if they are relegated from the Premier League at the end of the season according to football finance experts Deloitte.

Deloitte’s Sports Business Group told ITV Tyne Tees that the vast majority of the reduction in income would be due to lost television revenue - around £50m. The rest of the hit would come through losses sustained in matchday and commercial revenues.

Sunderland play Everton tonight: a win would see them stay in the Premier League and would ensure Newcastle are relegated.

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Big Sam hails 'miraculous' Sunderland win

Sunderland boss Sam Allardyce has hailed his side's 3-2 comeback win over Chelsea as 'miraculous'.

The Black Cats twice came from behind to level the match at 2-2 before Jermain Defoe scored the winning goal on 70 minutes to send the Stadium of Light into raptures.

The result, coupled with Newcastle United's 0-0 draw away to Aston Villa, lifts Sunderland out of the bottom three knowing that victory over Everton on Wednesday night will guarantee Premier League survival.

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