15 Oct 2024 19:39:06
As a distraction from the doom and gloom arising from the results (me too)I have downloaded Wolves accounts from Companies House for 2023 and 2022.
This reveals the following Wolves are insolvent at 31 May 2023 and have net liabilities of £163 million, they can only trade with the financial support of Fosun.
The amount owed to Fosun companies increased by over £64 million in the 2 years to 31 May 2023, so much for no support!
The total net profit before costs of player transactions in the 3 years 2021 to 2023 is over £4 million. Although there is a marked deterioration in the year to 31 May 2023 with a loss of over £25 million.
The losses on player transactions which are amortisation of player registrations less the profit on sale of player registrations amount to over £90 million for the years 2021 to 2023 inclusive.
Here lies the potential problem for
the profit sustainability rules (compare us to Brighton a similarly sized club)
I hope this was of interest as it shows the actual finances not rumours.

1.) 16 Oct 2024
16 Oct 2024 12:59:01
If they're looking to sell then it's not going to be easy.

2.) 17 Oct 2024
17 Oct 2024 11:28:40
Thorough explanation Wolves1960 but could you tell us in simple terms please? ?

3.) 17 Oct 2024
17 Oct 2024 15:11:48
BoSWolf:

Simple explanation-Bust

4.) 17 Oct 2024
17 Oct 2024 15:56:54
Hi BoSWolf
If you can say what it is you do not understand I will try and explain it.
Wolves1960