[Football] The cost of promotion: Wolves had losses of £1,200,000 a week last season

[El Presidente]

[Tweet]1102843929932824576[/Tweet]

There's a thread on it with more details if interested, personally I CBA.

 

[carlzeiss]

1.2miliion GBP per week , shirley not .

 

[Driver 8]

So will they face a substantial FFP fine?

 

[RandyWanger]

FFP?

 

[Papa Lazarou]

That's mental. Record breakingly mental.

 

[Barham's tash]

Furking ridiculous.

Surely that’s in Yuan/Renminbi right?!


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[NooBHA]

I don't have an issue with clubs making such losses.

The Overseas investment it brings into the British Economy is good for the country.

What I do have an issue with is the FFP Rules - They should be either scrapped or enforced in a more timely manner

 

[AmexRuislip]

'Throwing good money after bad'

New Wolves motto

 

[Jim D]

[Tweet]1102843929932824576[/Tweet]

There's a thread on it with more details if interested, personally I CBA.

Those two Birmingham teams spent an awful lot of money for no return. Looks like the same outcome this year too. Other than that the three promoted teams spent loads and got rewarded. I wonder how many owners are looking and 'learning' from those figures.........

 

[El Presidente]

So will they face a substantial FFP fine?

Don't think so!

 

[mwrpoole]

I'd be interested to see how much they paid in agent fee's last season.

 

[Springal]

I find it funny that we judge other clubs, despite racking up massive losses and just staying within FFP.

 

[crodonilson]

FFP is different to what is on their P&L, for a start I don't think player bonuses count and I would imagine their contracts were heavily incentivised for promotion. Also running costs for academy etc is outside of these rules, taking these out though I still think they'd have struggled to stay within FFP.

Villas accounts are also out and they lost £35m before wages, which they've cunningly paid out from a second company, add in that and they will have lost somewhere in the region of £80 million.

 

[darkwolf666]

I find it funny that we judge other clubs, despite racking up massive losses and just staying within FFP.

That's the difference, we stayed within the rules. You know, a bit like a striker scoring a goal when he's just onside!!!

 

[Kinky Gerbil]

Imagine the money hidden by dodgy deals

 

[Westdene Seagull]

[Tweet]1102843929932824576[/Tweet]

There's a thread on it with more details if interested, personally I CBA.

Unless I'm missing something £1.211m times 52 comes to more than £446m

 

[Green Cross Code Man]

Unless I'm missing something £1.211m times 52 comes to more than £446m

Eh? Give your head a wobble!

 

[Gazwag]

...

 

[El Presidente]

Unless I'm missing something £1.211m times 52 comes to more than £446m

Losses for the whole of the Championship are £446 million.

Wolves losses of £1.2m a week come to £63m for them alone.

 

[Driver 8]

Unless I'm missing something £1.211m times 52 comes to more than £446m

£1.211m times 52 = £62.9m