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Wolves turn loss into profit

Wolves have gone from an operating loss of £65m in the Championship in 2017/18 to an operating profit of £10m in 2018/19 in the Premier League, reveals Kieran Maguire of the PriceofFootball. Wolves had £28m in the bank and total losses over the years of £92m at 31 May 2019. All sources of income up significantly for Wolves in 2018/19, most notably league distributions up from just under £7m to nearly £115m in the Premier League.

Wolves wages up to £92m in 2018/19 which is relatively low by Premier League standards and only paying a healthy £53 in wages for every £100 of income. Wolves spent £111 million on signings in 2018/19 and sold players for £21 million.

Since the end of 2018/19 Wolves have signed players for £95 million (taking total PL player signings to £206m) and sold others for £3 million. Also taken out a £25m loan and a £25m overdraft facility. Wolves borrowed £57m from owners Fosun in 2018/19 to take total borrowing to £131m.

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