Stefan Borson
Tue 11 March 2025 15:51, UK
Wolves have faced issues complying with the Premier League’s spending rules over the past couple of years despite making several big-money sales.
The West Midlands side were believed to be close to the profit and sustainability (PSR) limit last season, with top-flight clubs only permitted to make £105million of losses over a rolling three-year period.
The sales of Matheus Nunes, Ruben Neves and Nathan Collins in the summer of 2023 helped get them over the line and avoid a potential breach.
Wolves’ accounts for 2023-24 revealed their revenue increased from £168.6million to £177.7million last season, but that fell short of their record turnover of £194.1million in 2020-21.
The club’s losses reduced significantly from £67.2million in 2022-23 to £14.3million after making £42.8million profit on player sales.
Finance expert Stefan Borson exclusively told Football Insider Wolves are still likely to be close to the spending limit despite reducing their losses last season.
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They were forced to part ways with former captain Max Kilman and Pedro Neto last summer to ease their financial concerns for this season, having raked in close to £100million from those deals.
Vitor Pereira’s side were the Premier League’s second-biggest spenders behind Manchester City in the January transfer window after spending more than £42million on Emmanuel Agbadou, Marshall Munetsi and Nasser Djiga.
Official paperwork revealed Wolves moved their accounting deadline from 31 May to 30 June last month.
Wolves
Wolves could agree summer sales after accounts move
Borson suggested Wolves’ accountancy change will give them the opportunity to agree some player sales early this summer if they are close to a spending breach.
He told Football Insider: “They are another club that’s got there by selling players.
“Each year in recent years, they’ve sold a player for quite big profits. They made more than £40million profit on player sales.
“I would suggest that they are potentially quite close this season or could be quite close because they’ve given themselves the window in June to sell players by moving their accounting date.
“They were one of the few teams alongside Arsenal, Liverpool and West Ham that had a May year-end. Wolves, like Aston Villa last season, have moved it to June.
“What that does is give you a 13-month accounting period, but it gives you the ability to sell players in June and have them in the latest numbers for PSR purposes, and that’s what they’ve done.
“They have given themselves that window, maybe because they might need to. But that could also be just a bit of risk management because of the relegation situation as well.
“Maybe that’s what they’re thinking by giving themselves that flexibility by moving the accounting reference date to June.”
Matheus Cunha’s Wolves outburst unlikely to put off Arsenal and Aston Villa
Football Insider revealed on 4 March Matheus Cunha is unlikely to have put off Arsenal and Aston Villa with his latest Wolves outburst.
Cunha was dismissed in the FA Cup clash with Bournemouth earlier this month after controversially hitting out at Cherries star Milos Kerkez and is now serving a three-match ban.
Appearances (Starts) 29 (26)
Minutes Played 2376
Goals 15
Assists 4
Red Cards 1
Cunha’s club stats in the 2024-25 campaign (all competitions)
The 25-year-old forward signed a new contract at Molineux earlier this year, but the agreement running until June 2029 includes a release clause worth £62.5million.
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