Keegan laments Elliott fee
By Simon Fudge
Last Updated: 01/01/70 1:00am
Kevin Keegan believes Sunderland's signing of Stephen Elliott was a major swoop.Kevin Keegan believes Sunderland landed a bargain when they signed striker Stephen Elliott from Manchester City in the summer.
The Eastlands boss thinks Mick McCarthy was able to sign the 20-year-old on the cheap after The Black Cats were ordered to pay upwards of £375,000 for the Republic of Ireland hit-man by a Football League tribunal in September.
Elliott has scored nine goals in 13 starts for the Wearsiders this term and Keegan feels City have not received full value for the striker.
He has vowed to keep a close eye on his side's young prospects in the future after seeing Elliott move on for a bargain.
"We felt that he was pinched from us," Keegan told The Journal.
"Stephen is now starting to achieve the sort of things that we expected him to achieve.
"We saw with Stephen how clubs can get interested in the young players.
"We told the tribunal when we questioned his transfer fee that he was a good player and that we had worked hard with him."
Meanwhile, Sunderland have published the club's financial results for the year ending July 31.
The Black Cats recorded a pre-tax loss of £1.2 million, which is a huge reduction from the previous year's deficit of £20.6 million.
The club have been able to bring the wage bill down and stabilise their debt to between £35-40 million while investing in new players during the past close season, as they aim for Premiership promotion this term.
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