SUNDERLAND Football Club chairman Bob Murray launched a savage attack on his club's millionaire flops last night as he confirmed he would not resign.

After a disastrous season at the Stadium of Light, Murray condemned players such as £8.2m Tore Andre Flo as he counted the immense cost of relegation from the Premiership.

Sunderland spent £22m on players in the 12 months up to last August, but the squad picked up only 19 points in the last campaign - the lowest total in Premier League history.

Sunday's shameful 4-0 home defeat to Arsenal was their 15th Premiership loss in a row and Murray is furious with those he feels have let down the club.

He said: "On Sunday, I wasn't looking at the players on the field - I was looking at the players not playing that are paid £1m a year and more.

"People have sat on their hands and picked their money up, and not one of them has apologised to me for the contribution to the team in the last year.

"We had Charlie Hurley and Richie Pitt in the boardroom on Sunday, and it's nice that players can come back to the club and be valued and appreciated.

"That can't be said for a lot of the players in the current squad. We've got the seventh highest wage bill in the Premiership and we succeeded in getting less than half the points of West Ham.

"At the end of their careers, players will have to look at this season and think they were part of that squad.

"They'll remember they had a twinge, or that they didn't like living in the North-East, or that it was the manager's fault.

"But they were party to a club spending an enormous amount of money on transfers and wages, and it only succeeded in breaking every record for the wrong reason."

Murray said: "I've been very popular and I've been very unpopular. It goes with the territory.

"But I'm driven by the challenge. I haven't felt my best but I'm fine now and I'm up for the job."