The Valley

Next Game

Charlton v Wolves

Tuesday, 16 September 2014, 19:45

Sky Bet Ch'ship

Bloomfield Road

Last Game

Blackpool 0 - 0 Wolves

Saturday, 13 September 2014, 15:00

Sky Bet Ch'ship

Wolves post pre-tax profit

Wolves have posted a healthy pre-tax profit of £2.16million for the year ended May 31, 2012.

Last Updated: 06/12/12 at 11:56 Post Comment

Molineux: Healthy profit for Wolves

Molineux: Healthy profit for Wolves

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

The period covers Wolves' third season in the Premier League, which ultimately ended with relegation to the Championship.

The Black Country club were £80,000 down on the pre-tax profits of 12 months previous (£2.24m), largely due to a decrease in generated turnover from £64.4m in 2011 to £60.6m in 2012 as a result in part to lower Premier League merit receipts and lower league match revenues.

The financial information does not include transfer activity during the summer of 2012, including the sales of Steven Fletcher, Matt Jarvis and Michael Kightly as well as the recruitment of seven new players.

Operating costs were approximately level with the previous 12 months.

At the year end for 2012, the club's holding company, WW (1990) Ltd, boasted a strong balance sheet with net assets totalling £74.9m, which includes all of the club's property such as Molineux and the Compton training ground.

Chief executive Jez Moxey told the club's official website: "The season under review was dominated by the huge disappointment of relegation from the Premier League, which impacted on everyone connected to Wolves.

"Since then the club has been through a period of significant change with the appointment of a new manager and the arrival of seven new players.

"As we all know the Championship is a very competitive league, both on and off the pitch, however we all remain united behind the goal of trying to regain Premier League status as soon as possible.

"We recognise this will be a difficult challenge in a number of different ways but we are totally committed to it."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

R

icky van Wolfswinkel's remarkable record of one goal from one game at least deserves an honourable mention. And I'm willing to bet that at least one of Costa, Ulloa or Enner Valencia will earn a place on the list by the end of the season. Probably not Costa

stevenjameshyde
Top Ten PL Strikers Who Started Like A Train...

I

will also give up birthday Christmas and bacon for this to happen

badwolf
Ronaldo return ‘in place’

P

lease let this happen. I'll have it as a birthday AND Christmas present if that will help.

de gea bar
Ronaldo return ‘in place’

Footer 365

Daley Blind backs Louis van Gaal's brutally honest approach at Manchester United

Daley Blind says Manchester United boss Louis van Gaal's brutally honest manner is good for team-building.

Premier League: Manchester United winger Angel di Maria delighted with Old Trafford bow

Manchester United winger Angel di Maria was delighted with his Old Trafford debut after the 4-0 win over QPR.

Premier League: West Ham come from behind twice at Hull City to earn 2-2 draw

West Ham twice came from behind to earn a battling 2-2 draw with Hull City in an entertaining clash at the KC Stadium.

Mail Box

Forget it, Ronaldo Won't Come Back

A varied morning mailbox, with thoughts on Ronaldo, Daley Blind = Michael Carrick, Ed Woodward redemption, stick with Pardew, QPR's name change and marbles...

Woke Up This Morning Feeling Fine...

Man United fans are a more than a tad excited, Liverpool fans are a little depressed and we have mails on Mesut Ozil, Newcastle, Aston Villa and lots more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property