“ Wolves lost more than £1m a week last season “

BBC


Wolverhampton Wanderers lost more than £1m a week during their Championship-winning campaign last season.

Wolves recorded a pre-tax loss of £57.16m for the year ending 2017-18, more than double the £23.18m they lost in the previous 12 months.

However, the club were promoted to the Premier League as title winners in Nuno Espirito Santo's debut season as manager.

They also turned over £26.4m and had an increase of £1.3m in ticketing income.

In a statement on the West Midlands club's website, the pre-tax loss was attributed to increased expenditure on players, wages, and promotion bonuses.

Some of those signings include player of the season Ruben Neves and the loan acquisitions of Diogo Jota and Willy Boly.

"Wolves' owners are committed to continuously improving the club, from both a footballing and wider operational and strategic perspective," said the statement.

However, Wolves are showing no signs of a reduction in spending and the club have already spent £109m on players since being promoted to the top flight.

Get the feeling all will not end well with them.

Get the feeling all will not end well with them.

we managed to lose 2/3 rds of a million a week...not so much better really

See what happens in couple years! Like all mid range clubs incomes are limited outside what get in premier league money and as owners can only invest % of money per season ffp may bite.? Certainly have to balance books in way they buy and sell players.

Get the feeling all will not end well with them.

we managed to lose 2/3 rds of a million a week...not so much better really

No I'm sure a lot of clubs do similar, I just get the feeling this super agent guy will throw his dummy out at some point and drop them in it.

Let's remember it took us a while to recover and thankfully have a very generous owner who covered a lot of it. Not all owners will do that and will just move on.

Makes a mockery of FFP, the debts being built up by some of these clubs, they better hope that the owners dont lose interest.
No way back from those kind of losses unless you get in the top four.

Looks a lot worse than they should due to promotion bonuses. We lost £36mill, but £23mill of that were promotion bonuses to players and directors. Unbelievable!