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.
Sam Allardyce has issued a warning to Sunderland ahead of his side's match against Everton.
The Black Cats can guarantee Premier League survival with win at the Stadium of Light on Wednesday night. But the Sunderland manager is expecting a tough game.
If you ever wondered why you supported Sunderland, or even bothered with football at all, the Chelsea game answered that question.Read the full story ›
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.
Sunderland are out of the relegation zone.
They've won 3-2 at home to Chelsea.
They have a game in hand over North East relegation rivals Newcastle.
Sunderland 3- 2 Chelsea - Sunderland pull themselves out of the relegation zone as it currently stands.
Sunderland 2 - Chelsea 2 - all level at the Stadium of Light
Sunderland are currently down 2-1 against Chelsea at the Stadium of Light.
All level 1 a piece at the Stadium of Light.
Sunderland are down 1-0 at home to Chelsea.
More to follow.