Sunderland manager David Moyes admitted he would have thought twice about joining the club had he known of the financial issues.
The ex- Manchester United manager will not be able to strengthen his side in the January transfer window with the Premier League cellar-dwellers up for sale.
The situation has left Moyes frustrated as he bids to preserve Sunderland's top-flight status after replacing Sam Allardyce in the off-season, so much so that he has regrets over taking on the top job at the Stadium of Light.
"Sunderland always had an appeal to me, but if I had known about the situation I would have needed to look at it in a different way," said Moyes, whose Sunderland are four points adrift of safety ahead of Saturday's game against Watford.
"I would have had to think a lot more about it, because at the end of the day I want to manage in the Premier League.
"I did not know the club could be going up for sale, I was not made aware of that before. I didn't see us having no money [in January]. Even in the summer I knew what we were spending was small in comparison — and I said that to the owner.
"But I hoped it would be a short period and we would then have the next period [January] to get things done. That has shown itself not to be the case.
"I'm disappointed that I will not be able to do some work in January and try and build on what we've done."
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