Former Sunderland striker Marco Gabbiadini believes Simon Grayson will be a success at Sunderland, because of his knowledge of the Championship.
The Black Cats appointed the Preston North End manager as their new gaffer on Thursday.
And Gabbiadini claims that Grayson will make astute signings because of his experience in the competition.
"He [owner Ellis Short] may have made some bad decisions about who he's trusted to use that money but if you look at the players who are leaving and the impact that will have on the wage bill, there should be some money there.
"That's why Simon will come into his own, he will know the players who can do well in the Championship.
"Some of the players Newcastle bought last year are players who were suited to the Championship and they come at a different budget as well sometimes.
"There are players out there hopefully who will be attracted to a club like Sunderland because they know they have a record of getting out of this league."