Yesterday, Wolverhampton Wanderers released their accounts for the Championship title winning campaign of 2017/18.
Having stormed to the second tier title, Wolves fans knew the clubs’ owners, Fosun, had invested heavily in the squad given the calibre of players we brought in for head coach Nuno Espirito Santo to work with but it has now been confirmed that we made a £57.16million pre-tax loss for the year, securing our aim.
With such outlay, there was good news in terms of business growth as turnover rose from £23.7m to £26.4m and that was largely driven by increased ticket sales – season ticket holders were up from 13,757 to 21,223 and average league attendances rose from 21,572 to 28,298.
Merchandising revenue grew by £0.6m and with sponsorship/advertising up £0.4m and corporate hospitality revenues up another £0.4m.
Obviously with rising wages, it means that the improvement we made in the Championship campaign should definitely see us up and running when it comes to the greater financial awards available in the top flight and this time next year, we should see further significant uplift as well, given our further investment in the playing squad.