In the season they went down? Because of parachute payments and escalating contracts under McCarthyâs reign. Keane didnât sign those players in the first year.
Wages went up everywhere because of a dramatic ÂŁ700m increase in tv rights because Setanta came into the market.
Quinnâs time at Sunderland was a complete vanity project
I would imagine the aim of executives of a football club is the long term future and growth of the club. High debt and losses is not good for this.
The TV money would have wrote off the lot of that ⌠Anyway, iâm no of lover of Quinn - the truth lies somewhere in the middle
Sunderlandâs debt rose significantly so itâs not relative.
Sunderlandâs debt rose significantly in the Keane era.
They barely gave McCarthy a bob to spend. He got them promoted in 2004/2005 and it was pretty much the same squad which was relegated in 2005/2006 with little or no investment. There were very few on bloated contracts from Mickâs reign as they werent an established premier league team and didnât invest the previous summer.
I doubt it was too vastly different to most clubs that yoyo between both leagues ⌠most that dont spend go straight back down.
And a lot that spent way beyond their means were ruined for years after. Look at what it did to the likes of Leeds, the state of QPR now and Sunderland themselves.
Nonsense.
The debt would have gone up because the ownership had guaranteed cash flows coming in during subsequent years that allowed for investment.
My understanding is though that they came in and cleared debt from the club.
There is nothing wrong with debt when it is sustainable. Building some debt in 2007 when there was a guaranteed significant increase in income was not a bad move. The Irish crew made our with decent profits.
I dont think Quinn did all the damage ⌠His predecessors did far worse.
Sunderland werenât in much financial strife before Quinn, they were just fairly frugal. Quinn came in with Celtic Tiger consortium and they were fast and loose with the cash building up big debts and the subsequent owner was having to write off.
So much to be said on this topic. Theyâre the most despised people in the country, after priests, worse than politicians.
Of course he is Smithers 
The use of graphs here has been absolutely outstanding. A seminal moment in TFK history.
Quinn helped to build Sunderland into a stable top flight club, something they could only dream of before his time. He then left and Sunderland slowly went on a downward spiral over the next 5 or 6 years into the shambles they now are
A game changer
Youâre now changing your tune. Sunderland debt increased significantly under Quinn, itâs hardly the benchmark of good stewardship which he was preaching about last night. Sunderland were very fast and loose with money under Quinn and the subsequent owner had to put his hand in his pocket and write off a significant amount of debt which was a legacy issue with Quinnâs tenure. You seem to be ignoring all the information and facts at hand here to shoehorn your (incorrect) narrative in.