Wolves boost profits

The financial benefits of being in the Premiership are evident in the latest set of financial results from Wolves.  The club recorded a profit of £9.1m in contrast to a big loss of £4.9m last year.   Turnover more than trebled from £18,3m in the Championship to £60.6m.  Additional revenue was obtained from the sponsorship agreement with sportingbet.com and higher ticket revenue from average attendances which rose from 24,153 to 2

The financial benefits of being in the Premiership are evident in the latest set of financial results from Wolves.  The club recorded a profit of £9.1m in contrast to a big loss of £4.9m last year.   Turnover more than trebled from £18,3m in the Championship to £60.6m.  Additional revenue was obtained from the sponsorship agreement with sportingbet.com and higher ticket revenue from average attendances which rose from 24,153 to 28,366.


For fans this is not much consolation for being bottom of the Premier League.  However, although Wolves have adopted a prudent approach to the Premiership, it is possible to work out from the accounts that expenditure has more or less doubled.