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business18h ago
Wolves’ accounts: What do the 2024-25 figures tell us about life after relegation?
- Wolves posted a £15.3m accounting loss for 2024-25 despite £117m in player-trading income.
- The club extended its accounting period to June, shifting Cunha and Ait-Nouri sales into last season’s books.
- Wolves finished 16th, one place lower than the prior season, with reduced broadcast income from 17 to 15 live games.
- Wage costs rose, with the 13-month wage bill reaching £163m and a 16th-place wage-to-revenue ranking among Premier League clubs.
- Sell-on clauses and agent fees helped explain a gap between total transfer income and reported sales.
- Net debt to clubs fell to £53.8m by June 2025, a relatively low level for a Premier League side.
- The club refinanced in 2023, extending repayments to 2031 with fixed-rate interest, increasing costs if relegated.
- The Athletic notes ongoing Fosun support but warns relegation would heighten financial strain in the Championship.
- Cunha, Neto, Kilman, and Ait-Nouri exits helped offset losses but did not fully cover rising costs.
- Wolves’ overall revenue decline was tied to lower league position and fewer live broadcasts.
- Wolves shifted to an outsourced retail model in 2023-24, lowering revenues but cutting costs.
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