Premier League club is facing point deduction punishment for breaking financial rules
The Wolverhampton Wanderers are “dangerously close” to following Everton’s path.
This is in line with a recent allegation from Football Insider, which states that when the Midlands-based team’s 2022–2023 accounts are made public later this week, there is a chance they would violate Financial Fair Play (FFP) regulations.
According to the current Financial Reporting Partnership (FFP) regulations, a club cannot lose more than £15 million in a rolling three-year period. Although ownership investment packages can extend this limit to £105 million, Wolves’s net loss for the previous year was around £50 million.
The club subsequently spent slightly more than £150 million on acquisitions during the ensuing transfer windows, which left them gravely in debt.
Consequently, Matheus Nunes was granted permission to sign a £53 million contract with Manchester City last summer (Sky Sports).
Nevertheless, the Portuguese midfielder’s move to the Etihad came too late to be reflected in the team’s 2022–2023 financial statements, despite the club’s best attempts to rebalance their books.
On Sunday, January 14, any club found to have violated FFP rules after the accounting deadline last month will be made public, along with the relevant sanctions.
After 20 games, Gary O’Neil’s team is now 13 points clear of the relegation zone in 11th place in the Premier League standings.
