Wolverhampton Wanderers are ‘dangerously close’ to suffering a similar fate to Everton.
That’s according to a recent report from Football Insider, who claims the Midlands-based club face the prospect of breaching Financial Fair Play (FFP) rules when their 2022-23 accounts are released later this week.
Current FFP rules state a club must not lose more than £15 million over a rolling three-year period, and although that figure can be raised to £105 million with ownership investment deals, last year’s accounts revealed Wolves had made a net loss of nearly £50 million.
The subsequent transfer windows then saw the club spend just over £150 million on signings, leaving them desperately in the red.
As a result, Matheus Nunes was allowed to join Manchester City last summer in a deal worth a reported £53 million (Sky Sports).
However, despite the club’s best efforts to re-balance their books, the Portuguese midfielder’s switch to the Etihad came too late to be included in the club’s 2022-23 accounts.
Any club deemed to have breached FFP regulations following last month’s accountancy deadline will be announced, along with the appropriate punishments, on Sunday 14th January.
Gary O’Neil’s side currently sits 11th in the Premier League table with 28 points, 13 clear of the relegation zone, after 20 games played.
So with Forest and Everton facing further punishments Wolves should still be ok even if they were deducted 10 points.
I cannot however understand how Nunes transfer is not included.
I also cannot understand how Chelsea and Man U (let alone City and Liverpool) are not facing the same.
You’re misunderstanding the situation. Everton and Wolvs are being punished for being insolvent, basically bankrupt — for not having enough money. They want to punish Man City for having too much money. Chelsea largely inherited a mess from Abramovich. I’m not sure how much time they’ve been given to right the ship. As for Liverpool and United, they gave lost a considerable amount of money recently, but is it enough to be considered insolvent? I guess we’ll find out n the 14th.