ESPN REVIEW: Wolves points has been deducted by the sport Authority due to…..
Wolves have experienced significant financial losses over the past two years, but the £53 million sale of Matheus Nunes to Manchester City should prevent them from breaching the Profit and Sustainability Rules (PSR). Finance expert Kieran Maguire told Football Insider that new ownership for Wolves next year wouldn’t be surprising.
The club reported a net loss of £67.2 million in their 2022-23 accounts, following a £46.1 million loss in 2021-22. This has led to speculation that Wolves are nearing a breach of PSR, with finance expert Stefan Borson suggesting they may already be over the limit for 2023/24.
Club chairman Jeff Shi previously assured fans in an open letter that they were closely monitoring losses to comply with Premier League financial regulations. Maguire explained that the £53 million Nunes sale to Manchester City will be crucial in helping Wolves avoid a breach and potential points deduction.
Maguire noted the significant losses over the last two seasons, totaling £113 million in 2021 due to a large loan write-off. With that now resolved and the Nunes sale, Wolves should manage to avoid a breach. He added that if Wolves were under new ownership by next year, it wouldn’t be a big surprise.
