Discussions of takeover were held over the summer involving an Irish group, the Drumaville Consortium, led by Niall Quinn.

[4] On transfer window deadline day, Keane signed new players; Dwight Yorke,[5] Liam Miller,[6] Ross Wallace, Stanislav Varga,[7] Graham Kavanagh and David Connolly.

[8] A 2–0 win over Leicester City on 1 January 2007 sparked an 18-game unbeaten streak for Sunderland, which was eventually ended on 21 April 2007 after a 3–1 defeat at the hands of Colchester United.

[9][10] Sunderland reached the top of the Football League Championship for the first time in the season with a 2–1 win over Southampton, which included an 87th-minute winner from Grant Leadbitter.

Kenny Cunningham retired, Tommy Miller, William Mocquet, Kevin Smith were released,[15] while Robbie Weir, Jamie Chandler and David Dowson were all promoted to the first team from the club's youth system.

[15] Their first signing of the season was of Greg Halford from Charlton Athletic,[16] and their first transfer out of the club when Stephen Elliott moved to Wolverhampton Wanderers.

[23] Their final game of the tour against Galway United ended as a 4–0 win for Sunderland, with goals from Michael Chopra, Kieran Richardson, David Connolly and Stern John.

[27] With the start of the Premier League season looming, Sunderland broke their transfer record to buy Scottish international goalkeeper Craig Gordon from Heart of Midlothian for £9 million.

[28] The club's last signing before the start of the season was Roy O'Donovan from Cork City for an undisclosed fee.

Birmingham took the lead again through Garry O'Connor but Sunderland scored another last minute goal, this time from Stern John to save a point.

[34] On the same day, Tobias Hysén returned to his native Sweden with IFK Göteborg after he and his wife were suffering from home sickness.

[39] Sunderland opened the month with a 1–0 defeat away to Manchester United on 1 September, Louis Saha scored the winner 18 minutes from full-time.

[40] Jack Pelter signed for Sunderland on 8 September, from New Zealand team Canterbury United, on a free transfer in an original one-month deal.

Kenwyne Jones and Ross Wallace scored the Sunderland goals in a game which was overshadowed by the tribute paid to 1973 FA Cup Final scorer Ian Porterfield who died on 11 September 2007.

Manager, Roy Keane, expressed his frustration in a post match interview saying "We didn't deserve anything.

Danny Higginbotham put Sunderland into the lead shortly after half time, but James Milner drew Newcastle level on the 68th minute after his cross beat goalkeeper Craig Gordon into the far post.

Sunderland had a chance to win the game when ex-Newcastle forward Michael Chopra headed against the bar minutes from full-time.

He was replaced by Darren Ward who made a save to push Kenny Miller's strike onto the post.

Chelsea won the game 2–0 after Liam Miller was sent off whilst giving a penalty away, which Frank Lampard scored.

Sunderland could have won the game late on, but Danny Collins' header was ruled out by referee Steve Bennett for a foul.

Sunderland ended 2007 with a 3–1 home win to Bolton Wanderers on 29 December, Kieran Richardson, Kenwyne Jones and Daryl Murphy were the scorers.

[57] Jonny Evans returned to Sunderland on loan for the second time for the remainder of season from Manchester United.

[64] New signing Rade Prica scored a goal on his debut for Sunderland to wrap up a 2–0 win at home to Birmingham City on 29 January.

[65] Andy Reid signed for the club on the last day of the January transfer window deadline from Charlton Athletic for £4 million.

"[71] An Andrew Johnson goal on the verge of half time helped Everton to a 1–0 win at the Stadium of Light on 8 March.

[72] Sunderland lost consecutive games when Chelsea beat them 1–0 on 15 March due to a Didier Drogba goal.

Andy Reid came close to putting Sunderland in front as his free kick was plucked from the top corner by Carlo Cudicini.

[75] A 3–1 away win to Fulham on 5 April helped Sunderland to nine points in three games, as goals came from Danny Collins, Michael Chopra and Kenwyne Jones.

Manchester City, however, still had time to win the game and Darius Vassell scored an 89th minute scuffed shot to beat Craig Gordon.