The latest transfer talk as Sunderland prepare for the summer transfer window.
Sunderland are reportedly ready to make a move for Leicester City winger Abdul Fatawu as the Foxes look to raise much-needed funds at the end of the season.
Journalist Alan Nixon reported Leicester will accept an offer of around the £20m mark during the summer transfer window despite the presence of a £30m release clause in the winger’s current deal with the Championship club. Football Insider have added to the speculation by suggesting the Black Cats are ready to ‘reignite their pursuit’ of the Ghana international during the close-season as Leicester look to raise funds and cut their costs ahead of the new season.
The King Power Stadium club are said to be ‘planning to cut their wage bill drastically’ and Fatawu is reportedly at the top of a list of players that could be moved on with the Foxes ready to ‘play ball’ over a possible agreement. The winger is described as ready to make the jump back into the Premier League and ‘would be better placed’ to make an impact than Sunderland’s current options in wide positions. The report also states Sunderland could allow Romaine Mundle to move on if they are successful in their bid to lure Fatawu to Wearside.
The speculation comes just days after new Leicester chief executive Kevin Davies admitted the club have ‘work to do’ to improve their financial situation as they battle with the impact of falling out of the Premier League and failing to return at the first attempt.
Financial stability
Leicester City.placeholder image
Leicester City. | Getty Images.
After posting a loss of £71.1m for the 2024-25 season, the Foxes chief said: “While it is natural to look first at that headline number, it is important that it is seen in its full context. The underlying operating position improved year on year as the increase in revenue was substantially larger than the increase in costs.
“Staff costs as a percentage of turnover reduced to their lowest level since 2017-18. However, the timing of profits generated on player trading and the absence of non-recurring other operating income heavily affects the final reported loss in comparison to the prior year.
“We know supporters want to see Leicester City run responsibly, with the right balance between giving us the best chance of success on the pitch and building greater financial stability for the future. These financial statements show there is still more work to do, and we are clear about that. Improving our financial position over time remains a priority and will continue to shape the decisions we take as a club.”
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