Wolverhampton Wanderers Post £46m Loss In Latest Accounts

Wolverhampton Wanderers have released their headline financial information for the year ending 31st May 2022, confirming a net loss of £46.1m.

The accounts reflect the 2021/22 season, which was the sixth under the ownership of Fosun and the fourth consecutive season in the Premier League.

Revenue for the year under review was the first since the 2018/19 season not directly impacted by the Covid-19 pandemic; however, there was still a degree of impact to matchday operations.

There was also a degree of impact on funds available to invest in the first team squad whilst ensuring continued compliance to both Premier League Profit & Sustainability and the UEFA settlement agreement, with compliance and exit from the latter formally issued on 11th March 2022.

Turnover for the year reached £165.7m, less than the most recent directly comparable season in 2018/19, in which £172.5m revenue was achieved. This reduction is primarily due to a lower Premier League merit payment because of a lower final league position (10th as opposed to 7th), and a less successful FA Cup run.

Player trading in the year generated a net loss of £50.1m (£10.7m loss in 2021). Income of £15m was generated through the disposal of players’ registrations, driven by the sales of Rui Patricio, Rafa Mir, Owen Otasowie and crystalising contingent appearance and goal related fees for Diogo Jota.

However, this was outweighed by higher amortisation and impairment charges on player registrations, totalling £65.1m, driven by continued investment in the first-team and academy, including the acquisitions of Jose Sa, Rayan Ait-Nouri, Yerson Mosquera and Chiquinho amongst others.

Overall, the financial loss for the year, after interest and tax, was £46.1m compared with profit of £18.4m in 2021. 

The full accounts can be accessed by clicking here.