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Chris Coleman has been told Sunderland have NO money to spend in January - and he will only be handed a fraction of any cash generated through sales.

Sunderland are fighting for their lives at the foot of the Championship and Coleman desperately needs new faces to boost the club’s chances of survival.

But he will only be able to bring in loan signings unless the Black Cats offload players this month.

Defender Lamine Kone and midfielder Didier Ndong are among the players who have been linked with moves away from Wearside this month, although Coleman says the club has not received enquiries for any of its players as yet.

And even if Kone, Ndong, or anyone else does move on, Coleman will not be given all the proceeds to spend.

“As it stands, we have to look at loans,” he said.

“If we do get a sum of money [through sales], I am not sitting here thinking I can go and spend it in this area or that area.

“I may get a slice of it, but any money that came in like that would be going elsewhere - although I am sure we will see a little bit of it.

“I’m positive the chairman will see that in certain situations we need some help.

“But we are certainly not looking at a case where if we got £10m for a player, we could go out and spend £10m - it will be nothing like that.”

Ndong joined Sunderland for around £13.5m in the summer of 2016 and there were reports earlier this week that Watford are keen on him.

But the Black Cats are unlikely to turn a profit on the Gabon international and a large chunk of any fee they do receive will be earmarked to pay money still outstanding to his former club Lorient.