Wolves have reported a loss of £15.3m for last season in their latest accounts.
The figures for 2024-25 showed lower earnings for the side from their finish in the Premier League as they battled relegation, reduced income from TV and rising wage costs.
The side confirmed revenues of £172m, down from £177.7m the previous year, which the club attributed to their final league position and having one fewer live games on TV, with only 15 shown.
The financial year was extended to 13 months to bring financial reporting in line with player and coaching contracts, other Premier League clubs and the wider football calendar, the report said.
Over a standard 12‑month period, the previous season, Wolves recorded a £14.3m loss.
A spokesperson for the club said their commercial partnerships saw income grow to more than £1m, which they put down to a new sponsorship deal for the players’ shirts and an increased number of agreements overall.
Average fan attendance at Molineux Stadium slipped slightly to 30,881, compared with 31,265 in 2023–24, which the club said “reflected continued strong support from fans despite a more challenging season on the pitch.”
The year also saw major upheaval at the senior level. Executive chairman Jeff Shi stepped down in December after nearly a decade in charge. At the time, the club was winless and bottom of the Premier League with two points.
Despite difficulties on the field, Wolves generated £117m from player sales — nearly double the previous year’s £64.6m, their accounts showed.
Players like Max Kilman, Pedro Neto and Daniel Podence were all sold, and the club said the extended reporting period also allowed the post‑season sales of Matheus Cunha and Rayan Aït‑Nouri to be included.
In total, Wolves recorded a net player‑trading profit of £29.2m, compared to the £2.6m loss in 2023–24.
However, the accounts also highlight ongoing financial pressures.
The club’s wage‑to‑turnover ratio rose to 91.2%, with new signings and renewed contracts for existing players contributing to the increase.
Operational costs increased across the board, leaving player trading as the primary source of boosting finances, they said.
Investments in the women’s program rose to £400,000 from £100,000 the previous year.
The women’s team also benefited from a move to shared training facilities with the academy.
Despite the loss, the board maintained that the club remained financially stable, stating that directors have “a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future”.
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