Kevin Phillips has claimed Sunderland manager Lee Johnson “will be absolutely delighted” to hear £60million may be made available for transfers this summer.

Speaking exclusively to Football Insider, the Stadium of Light legend is ‘really excited’ at the prospect of new owner Kyril Louis-Dreyfus spending big if the club gain promotion to the Championship.

The Sun‘s Alan Nixon claims Louis-Dreyfus is itching to spend if the Black Cats go up, with £60million earmarked for new faces in such an eventuality.

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A 2-1 loss to Charlton on Saturday put a dent in Sunderland’s hopes of achieving automatic promotion, but Lee Johnson’s side are still well-placed with seven games remaining.

Phillips expects a £60million budget would be the “biggest” in the Championship next year.

“It would be massive,” he told Football Insider.

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“It would be one of the biggest budgets in the Championship, if not the biggest. It is huge money.

“Let’s hope that they get there so Lee Johnson has the chance to spend that kind of money.

“If Sunderland do get promotion, and that money is spent wisely, with a full crowd back in the Stadium of Light, you start to get a little bit excited.

“We need to get there first though. There is still a lot of work to be done on the pitch this season.

“It is really exciting to hear that though. From Lee Johnson’s point of view, hearing that those sorts of funds could be available, he will be absolutely delighted.”  

In other news, Kevin Phillips has told Sunderland manager Lee Johnson to axe 27-year-old against Wigan after a ‘big blow’.