The accounts for Wolves’ 2024/25 financial year have been revealed.
Wolves have made a £15.3million loss for the year 2024/25 as the club's latest financial accounts were revealed.
The club has now made a loss in the last four consecutive years, last posting a profit in 2020/21 of £18.4million.
That was followed by losses of £46.1million, £67.2million and £14.3million, before the £15.3million loss in the latest accounts.
Wolves extended their accounting period to June 30th, however, meaning the accounts cover a 13-month period and an annualised equivalent shows a £1.5million profit over 12 months.
The club made the decision to extend their accounting period by one month to align with other Premier League clubs, as well as player and staff contracts and the football calendar.
Previously, some players were earning different wages in the first month, compared to months two to 12, due to misalignment with contracts running until June and previous accounting periods running until May.
It also allowed last summer's sales of Matheus Cunha and Rayan Ait-Nouri to be included in the 2024/25 accounts, as Cunha left for Manchester United in a £62.5million deal and Ait-Nouri departed for Manchester City for around £33.5million, rising to £36million with add-ons.
As a result of their sales, and the previous departures of a number of players including Max Kilman, Pedro Neto, Daniel Podence, Mario Lemina and Luke Cundle, Wolves made a gross player trading profit of £117million, a significant increase on the £64.6million generated in 2023/24.
Additional money was also brought in from contingent fees received for players such as Morgan Gibbs-White, Francisco Trincao and Pedro Goncalves.
However, new signings such as Tommy Doyle, Pedro Lima, Rodrigo Gomes, Andre and Sam Johnstone, alongside new contracts and a change in head coach as Gary O'Neil was sacked and Vitor Pereira was appointed, saw the gross profit offset by amortisation and impairment charges of £87.8million, up from £67.2million in 2023/24.
Wolves were also forced to bring in a number of players in January, under Pereira, to save their season and avoid relegation. That included the £16.6million signing of Emmanuel Agbadou and the £15million addition of Marshall Munetsi.
That resulted in a net player trading profit of £29.2million, compared to a loss of £2.6million in 2023/24.
Wolves failed to replace Kilman when he moved to West Ham for £40million, while the sale of Neto to Chelsea for a fee rising to £54million saw a late loan replacement in the form of Carlos Forbs, who struggled to have any impact. These transfer choices, among others, have contributed to Wolves’ likely relegation in 2026.
Meanwhile, revenue was down from £177.7million in 2023/24 to £172million, as Wolves dropped from 14th to 16th in the Premier League table between those two seasons and missed out on merit payments for each place you climb up the table.
Wolves also had one fewer match broadcast on TV in the UK, with 15 matches down from 16, which would have contributed a small loss.
However, Wolves' commercial partnerships grew by more than £1million.
Meanwhile, the average attendance across the season was down from 31,265 in 2023/24 to 30,881.
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