Wolverhampton Wanderers made a profit in 2014-15, but it is dependent on parachute payments which end this year. Pre-tax profits were £2.3m but these reduce to £700,000 when depreciation of the Molineux stadium is taken into account.
Turnover was down from £32.6m to £26.4m, largely reflecting a drop in parachute payments. Gate money, sponsorship and advertising revenue were all up.
Wolverhampton Wanderers made a profit in 2014-15, but it is dependent on parachute payments which end this year. Pre-tax profits were £2.3m but these reduce to £700,000 when depreciation of the Molineux stadium is taken into account.
Turnover was down from £32.6m to £26.4m, largely reflecting a drop in parachute payments. Gate money, sponsorship and advertising revenue were all up.
The club has been for sale since the beginning of the season at a realistic price, but has not attracted a bid. This perhaps reflects the investment necessary to make a club able to compete for promotion to the Premier League. Recent foreign investment has focused on League 2 clubs.