By Kevin Phillips

24th Jul, 2020 | 12:00pm

Phillips Exclusive: I've been told Sunderland have a huge playing budget for next season

Kevin Phillips has revealed that Sunderland have a huge playing budget for next season, if Stewart Donald keeps to his word.

The 2000 European Golden Shoe winner, speaking exclusively to Football Insider correspondent Dylan Childs, claimed that the club “is in a mess” right now but suggested there was cause for optimism.

A club statement confirmed on Saturday that Sunderland owner, Stewart Donald, had resigned as chairman.

The majority shareholder at the Stadium of Light has put the club up for sale but wants the £37.6million he paid for the club in 2018 recouped in full.

Phillips is confident that Donald will continue to fund the club adequately despite his want to sell the club.

“When he first came into the club it was clear what he wanted – promotion and then move the club on and make a profit,” he told Football Insider.

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“He is a businessman, no problem but you have to have contingency plans. It is clear he did not have that.

“The club is in a mess at the moment.

“I am not going to tell you but I know exactly what the playing budget is for next season and it is a lot. It remains to be seen whether he will keep his word on that.”

Speaking on his resignation, Donald said: “As the majority stakeholder, my remaining responsibility is to ensure that the club has the requisite financial backing to achieve its primary objective of promotion.

“I can assure supporters that the club will continue to have the highest playing budget in this division.”

In other Sunderland news, it can be REVEALED that club are close to announcing new signing after breakthrough in talks.

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