Shropshire Star

Wolves' 2022/23 financial accounts explained as club makes £67m loss

Wolves made a loss of just over £67million for the 2022/23 financial year but are on course to stay within the Premier League's profit and sustainability rules.

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Molineux. David Davies/PA Wire.

Having made a £46.1million loss in 2021/22, Wolves followed that up with another difficult year, totalling a loss for the year ending May 2023 of £67,186,000.

This hefty loss for 2022-23 was expected, with early forecasts putting the figure at somewhere between £60million-£80million after Wolves splashed the cash on signings in the summer of 2022, before spending again in January 2023 to fight relegation.

A higher spend on transfers and wages also included Matheus Cunha's £43million permanent deal from Atletico Madrid as it was ratified in February last year, despite him officially joining on loan with an obligation to buy in the summer.

That, alongside the signings of Nathan Collins, Hwang Hee-chan, Matheus Nunes, Goncalo Guedes, Sasa Kalajdzic, Diego Costa, Mario Lemina, Craig Dawson, Pablo Sarabia, Dan Bentley and Joao Gomes, saw Wolves make a net player trading loss of £38.6million.

That loss would have been worse, however, if the club did not make healthy profit on Morgan Gibbs-White, Leander Dendoncker, Ruben Vinagre, Connor Ronan Sangbin Jeong and Leo Campana, which generated profit of £43.9million, compared to £15million the year before.

In addition, Wolves received added funds for the sales of Diogo Jota, Rafa Mir and Rui Patricio. It is understood the club have now received the full £45million plus £5million in add-ons from Liverpool for Jota.

Wolves' revenue for the year had a small increase on the year prior from £165.5million to £168.6million 'due to the increase in the underlying Premier League broadcasting rights', despite the club losing out on additional cash based on the position they finished in the Premier League and the number of live TV games they had.

Last season Wolves finished 13th, while the season before they finished 10th, and with around £2.8million paid out for each place you finish up the league, this will have had an impact on Wolves' financial outlook.