Griffin Park

Next Game

Brentford v Wolves

Saturday, 29 November 2014, 15:00

Sky Bet Ch'ship

Molineux Stadium

Last Game

Wolves 0 - 3 N Forest

Saturday, 22 November 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

Upgrade in minutes or watch with a NOW TV Day Pass.

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

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

M

eanwhile, England's best U21 players playing with those most likely to be in the senior team from 2020 onwards might increase their chances in those tournaments to a point where they could actually be potential winners. Unlike 2016.

shagwa
Wenger warns Hodgson

I

m not a doctor, but the cause is likely to be crap dancing after scoring. My prognosis is we may need to take that leg off.

GVMUFC
Rodgers reveals Sturridge woe

F

or the time being we just have to focus on the players we do have, Rodgers said. We have to make the best of what is available. Jesus wept!

rodger's gusset
Rodgers reveals Sturridge woe

Footer 365

Premier League: Tottenham's Christian Eriksen secures dramatic win at Hull

Christian Eriksen snatched a late winner as Tottenham fought back to claim a 2-1 victory over 10-man Hull.

Premier League: Crystal Palace come from behind to stun Liverpool

Liverpool endured another forgettable afternoon at Selhurst Park on Sunday as they were beaten 3-1 by Crystal Palace.

Premier League: Tottenham's Mauricio Pochettino disagreed with Hull boss Steve Bruce on red card

Tottenham manager Mauricio Pochettino disagreed with Hull boss Steve Bruce's opinion on Gaston Ramirez's red card.

Mail Box

Oh Arsenal. Why Oh Why Oh Effing Why?

We have plenty of fallout from Arsenal's latest display of outrageous incompetence, plus the question of why every team seems to be getting worse. Plus, another Garcia ghost goal...

A Funny Mail About Line Dancing & More

We have some great responses to young Jack's question about how readers first got into football. Plus, finally some intelligent thoughts on Dave Whelan's outburst...

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