Sunderland have moved to dismiss claims the members of the Drumaville consortium lost money through their involvement with the club.
American billionaire Ellis Short on Wednesday confirmed his takeover from the group of mainly Irish investors put together by chairman Niall Quinn to buy the Black Cats in 2006.
However, amid reports they had suffered significant losses, Quinn told the club's official website: "Despite reports to the contrary, Drumaville Limited and every one of the investors made a respectable profit from their investment in the club.
"All the investors and the club itself were astonished to hear of the reports suggesting otherwise.
"Both parties now hope the media organisations involved will acknowledge and accept the true position."
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biggest wages
biggest heads
biggest losers
now a team in the little leaugues
N.U.F.C.
Newcastle have been RELEGATED! That means that they are not in the top flight, Sunderland have not been relegated, therefore they are in the top flight.
the only ones in denial our our black and white stripey friends up the road they don't seem to realise just how much smelly brown stuff is floating round their boots it will be up to their necks by Christmas if not sooner
don't worry niall these rumours will have come from up the road at newcastle where they have just made the biggest loss of all, their place in the best league in the world
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