Mick took a team hamstrung by crap signings, and finanacial mismanagement, brought in the players he could afford after having to sell the majority of the team that was there, and won the Championship in 2 seasons. Not many managers could do this. The teams that have been relegated over the past 2-3 seasons have been able to hang onto most of their big players (Ashton at Norwich, Johnson at Palace, West Brom kept their entire team the last time they got releagated). Sunderland are back to the Premiership and (relative) financial stability, even if they do get relegated I can't see him getting sacked.
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