Expensive ride for Wolves to the Premier League - lost more than £1m a week

5 March 2019

Wolves - annual accounts
Photo: Getty Images Wolves have huge succes in the Premier League this season but the promotion cost the owners Fosun International a fortune.

Wolves lose £80.4 million in the first two years under ownership of Fosun International.

Rise in season ticket sales and home attendances lifts turnover to £26.4 million.

Wage bill increases from £28.2 million to £50.7 million.

Wolves have revealed the cost of chasing their Premier League dream, after recording a loss of £57.2 million in 2017-18.

According to the latest accounts for W.W. (1990) Limited, the club made the massive loss due to “strong investment into developing the squad.”

This period includes the signings of Ruben Neves for a reported £15.8 million, Ryan Bennett, John Ruddy and Barry Douglas, as well as the loan signings of Diogo Jota, Willy Boly and Leo Bonatini.

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