JFK-1 1,677 Posted March 5, 2019 Share Posted March 5, 2019 Boxing themselves into a situation where they may be in deep trouble if they had a bad season and were relegated. Though that wont be this year. Quote 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. Wolves: Championship winners lost £1m a week during 2017-18 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted March 6, 2019 Share Posted March 6, 2019 (edited) They basically gambled and won the bet. They'd be wise to look to consolidate rather than gamble again with an IOU on red. Clubs like them need to ensure high earner contracts are drawn up so they automatically change if relegated. Edited March 6, 2019 by buster. 0 Quote Link to post Share on other sites More sharing options...
Scott7 5,236 Posted March 6, 2019 Share Posted March 6, 2019 (edited) Wolves and many clubs like them will always struggle. The days of the single club star player, Lofthouse, Finney, Wright Moore, are gone forever. How do you compete with the glamour of London, the trophy winning of Manchester and the legend of Liverpool except by paying top money for not quite top players? I hope Wolves find another way to carry on. Great side to watch at the moment but what if Chelsea want their manager and Neves? Mention of Nat Lofthouse reminds me that another famous Wanderers club, Bolton, are in big trouble and might not play at the weekend. An example of an extravagant money source suddenly ending when their benefactor/financier died. Edited March 6, 2019 by Scott7 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted March 6, 2019 Share Posted March 6, 2019 3 minutes ago, Scott7 said: Wolves and many clubs like them will always struggle. The days of the single club star player, Lofthouse, Finney, Wright Moore, are gone forever. How do you compete with London glamour, Liverpool/Manchester success except by paying top money for not quite top players. I hope Wolves find another way to carry on. Great side to watch at the moment but what if Chelsea want their manager and Neves? They are a big club from a big city with a rich history and they seek to become Evertonlike or somewhere close to it. Not easy in todays game but not impossible. 1 Quote Link to post Share on other sites More sharing options...
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