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



El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,688
Pattknull med Haksprut
[Tweet]1102843929932824576[/Tweet]

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

Papa Lazarou

Living in a De Zerbi wonderland
Jul 7, 2003
18,822
Worthing
That's mental. Record breakingly mental.
 


NooBHA

Well-known member
Jan 13, 2015
8,584
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
 


Jim D

Well-known member
Jul 23, 2003
5,249
Worthing
[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.........
 


Springal

Well-known member
Feb 12, 2005
23,682
GOSBTS
I find it funny that we judge other clubs, despite racking up massive losses and just staying within FFP.
 

crodonilson

He/Him
Jan 17, 2005
13,471
Lyme Regis
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.
 


Westdene Seagull

aka Cap'n Carl Firecrotch
NSC Licker Extraordinaire
Oct 27, 2003
20,923
The arse end of Hangleton
[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 ???
 


El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,688
Pattknull med Haksprut
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.

Championship 2018 EBIT.png
 

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