Wolves. Can you imagine if

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tonytonycurrie

tonytonycurrie

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Wolverhampton Wanderers lost more than £1m a week during their Championship-winning campaign last season.

Wolves recorded a pre-tax loss of £57.16m for the year ending 2017-18, more than double the £23.18m they lost in the previous 12 months.

However, the club were promoted to the Premier League as title winners in Nuno Espirito Santo's debut season as manager.

They also turned over £26.4m and had an increase of £1.3m in ticketing income.
 



I expect there's a few in this Division spending the same this season. It will be a financial disaster for them if Leets don't go up I suspect.
 
gordoncharles said:
Wage bill of £50,709,000 (192% of turnover).

The wage bill went up by £22,474.000 but it doesn't matter as they took £1,300,000 more through the gate.

FFP. What a fecking farce.
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Don't the owners just sponsor a match ball one game for about £100M and that sorts FFP out.
 
Jim Chimmerney said:
I expect there's a few in this Division spending the same this season. It will be a financial disaster for them if Leets don't go up I suspect.
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Indeed. That is what the 'rules' have created. Rather than even trying to stay within the limits, certain clubs are now going all out in their attempts to get promoted and put themselves beyond the reach of any sanctions.

We know Birmingham are massively in breach but they ploughed on through January without taking the opportunity to sell and balance the books and the Pigs did the same, albeit it may not have been as easy for them to sell any of their superstars as nobody seems to want them.

Leeds have gone for it this season with the Bamford fee and presumably a hefty hike in wages for management staff and players, with no big outgoings; Norwich have one of the biggest wage bills in the division albeit they have off-set it with the Maddison sale; Derby are losing money hand over fist hence the owner has put them up for sale; Villa and Middlesbrough continue to be a law unto themselves; and Stoke and WBA will presumably only be spared by the fact they receive parachute payments.

Last week, Cardiff announced that they lost £37m in their promotion season despite Warnock's protestations all season that they hadn't spent anything, 'no pressure on us' etc. God knows what losses Fulham ran up.

The FL have put these rules in place but it seems that very few clubs are playing by them (United, Millwall, PNE but not many others) and it's time they started enforcing them.
 
LS16Blade said:
Last week, Cardiff announced that they lost £37m in their promotion season despite Warnock's protestations all season that they hadn't spent anything, 'no pressure on us' etc. God knows what losses Fulham ran up.
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To mitigate Cardiff's situation a little bit their accounts do say that £23 million of that £37 million loss is down to promotion bonuses and "contractual commitments" from being promoted, so they'd only have lost a mere £14m if they hadn't gone up.

And in fairness Wolves enormous loss no doubt also includes substantial bonuses.
 
Rob86 said:
Can’t get done for it though can they. They took the gamble and it paid off. One of the few clubs that it has worked for. Fair play to them.
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Unless they get relegated of course
 
The problem for teams like Preston, millwall us etc are the parachute payments because there are up to 9 clubs every year that are being played massive amounts from the premier league, these payments were originally to pay for players contracts that they bought when they went up, but in practice they usually sell those players and buy more
 
gordoncharles said:
Wage bill of £50,709,000 (192% of turnover).

The wage bill went up by £22,474.000 but it doesn't matter as they took £1,300,000 more through the gate.

FFP. What a fecking farce.
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I don’t really get the financial incentive of getting promoted as I’m sure all these players, plus the ones they have bought were all on substantial wage increases which will negate the huge Premiership tv money. Owning a Premier League really has to be a play thing for a billionaire, McCabe is really way out of his league up there. The whole thing has spiraled out of control
 
Fulwood Blade said:
surely similar to QPR?

UTB
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...and their planned £425m new stadium?

Derby are said to be losing £3m a month.

Leeds' owners may sell up 'if they don't get promoted'.

Thing is, it's not just a 'one season shot' at getting to the PL for some clubs. If they fail, they'll be at it again next season and will find another 'wealthy owner'. It all stinks.
 
gordoncharles said:
To mitigate Cardiff's situation a little bit their accounts do say that £23 million of that £37 million loss is down to promotion bonuses and "contractual commitments" from being promoted, so they'd only have lost a mere £14m if they hadn't gone up.

And in fairness Wolves enormous loss no doubt also includes substantial bonuses.
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Did Wolves do some odd loan to buy deals for some of the foreign players? I have a vague recollection of reading something about it. I suspect some of the losses are due to having to complete transfers that were contingent on them being promoted. By that I mean they loaned player x for a set sum, with a clause that if they went up, they had to buy him at £x. And if they didn’t go up, he just went back to his parent club.
 



tonytonycurrie said:
Wolverhampton Wanderers lost more than £1m a week during their Championship-winning campaign last season.

Wolves recorded a pre-tax loss of £57.16m for the year ending 2017-18, more than double the £23.18m they lost in the previous 12 months.

However, the club were promoted to the Premier League as title winners in Nuno Espirito Santo's debut season as manager.

They also turned over £26.4m and had an increase of £1.3m in ticketing income.
Click to expand...


and villa also lost 56 million
and thats also an available option , being in villas shoes after speculating

and middlesborough , another speculation gone south
the 1.3 increase in ticket income is the higher ticket prices the fans are paying for prem games and hardly covers the 57m loss

wolves gamble worked ,,,, several others bombed
in the past 3 seasons 11 clubs have put in over 50m on players
only 3 went up
 
It will come back and bite them on the arris eventually, no company can lose £1 million a week and have wages of 192% of turnover and expect to survive for very long
Whatever everybody thinks about Wolves, they are a normal, everyday, mid sized club
They've also gone bankrupt before, had to survive on 3,000 - 4,000 attendances and had the gates at Molineux locked
 
gordoncharles said:
To mitigate Cardiff's situation a little bit their accounts do say that £23 million of that £37 million loss is down to promotion bonuses and "contractual commitments" from being promoted, so they'd only have lost a mere £14m if they hadn't gone up.

And in fairness Wolves enormous loss no doubt also includes substantial bonuses.
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We lost £10m last year and it could well rise this, so Cardiff are / were in a similar boat to us.
 
LS16Blade said:
Last week, Cardiff announced that they lost £37m in their promotion season despite Warnock's protestations all season that they hadn't spent anything, 'no pressure on us' etc.
Click to expand...

See above
 
tonytonycurrie said:
And what about us? Where's the think Liverpool cunt now? Asshole.
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Didn’t take long to get around to that...

I’m assuming the entire purpose of this thread was just an excuse to bring up the whole ‘think Liverpool’ thing again? Things obviously going too well on the pitch that people are getting desperate for things to moan about.
 
BushBlade said:
Did Wolves do some odd loan to buy deals for some of the foreign players? I have a vague recollection of reading something about it. I suspect some of the losses are due to having to complete transfers that were contingent on them being promoted. By that I mean they loaned player x for a set sum, with a clause that if they went up, they had to buy him at £x. And if they didn’t go up, he just went back to his parent club.
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Wolves fan here, the numbers are astounding to look at, no doubt about that, particularly wages of £44 million on turnover of only £26 million. But the answer to your question is yes - the deals for Bonatini, Jota, Boly etc were all 'loan to buy deals', where the club only needed to complete the transfer at the end of the season if everyone was happy (and presumably if the club had been promoted). I think they were allowed to lose about £20 million last year and still be compliant with FFP and presumably would have stayed within those limits by not signing the loan players and not paying the promotion bonuses. Plus Neves would have been sold (as he is owned by the club) and that would have solved everything.
 
andy m said:
10m and 14m are not similar.
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In the grand scheme of £50m + losses, that we’re discussing and competing against, they are.

And as I said, we’re likely to lose a higher amount in this comparable season.
 
alcoblade said:
In the grand scheme of £50m + losses, that we’re discussing and competing against, they are.

And as I said, we’re likely to lose a higher amount in this comparable season.
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Some staggering losses. 10m and 14m still are not similar though. 40% is a big difference.
 
andy m said:
Some staggering losses. 10m and 14m still are not similar though. 40% is a big difference.
Click to expand...

If you think that, in terms of the money being spent by the competitors, then I’m not sure what planet you’re on. :)
 



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