24 May 2024 14:04:41
Just using round numbers here but.
30,000 fans * £50/fan * 20 games/yr = £30million per season inc VAT.

- After VAT, Wolves get £25m from fans at games.enough to buy one decent quality player.

- Fosun can typically only put in £35m/yr into the team (FPS)

- Sky money barely covers players wages.

So, do we want investment in the team or lower ticket prices?

1.) 24 May 2024
24 May 2024 14:21:26
Bully's Magic Boots the wages for the first team is only 45 mill per season according to what I've read.

2.) 24 May 2024
24 May 2024 15:00:19
Sorry Wolf, I should have said where I got that from.

That is what was implied in Jeff Shi's letter to the fans (I don't think it specified whether that was player's wages or all wages).

Make of that what you will.

3.) 24 May 2024
24 May 2024 15:18:45
Yearly wage bill is £45m as Wolf123 says. Add the rest of the staff (manager, coaches) and the admin staff, you can probably add another £25m at most.

We will get a minimum of £115m for our league position.

Add sponsorship money from AstroPay etc, merchandise and what not, the accounts are not that bad. The issue is that no transfer fee is ever paid all up front, more instalments.

We know we had to sell players last season but we did also sign the likes of Cunha and Bellegarde for £70m.

4.) 24 May 2024
24 May 2024 16:35:41
£44m for Cunha and £12.8 for Bellegarde Jas M so there is £13m unaccounted for by your reckoning.

5.) 24 May 2024
24 May 2024 16:38:03
WWFC group published accounts to May 2023 show staff costs as £141.6m for the year

6.) 24 May 2024
24 May 2024 16:53:17
Jas M we will get 130 mill with tv revenue going up that can not be spent on staff and ground improvements were is the money going. If fuson want Wolves to be financially sustainable on there on surely all that money should go to Wolves so where is it going.

7.) 24 May 2024
24 May 2024 17:08:50
E from Wombourn, it's apparently clear you seem to have an issue with me but please look at my last post were I said 'we signed the likes of' as opposed to 'we only signed'

My bad. I forgot the signings of Santiago Bueno and Boubacar Traore.

Wolf123, I don't know where the money is going. All I know is that we are not in as bad a financial situation as the media make out.

Just last week, GON came out and said that we don't need to sell any of the players.

8.) 24 May 2024
24 May 2024 17:36:35
Jas M can you also remember the players who left the club and the amount of money received into the club as you seem to have a selective memory.

9.) 24 May 2024
24 May 2024 18:24:25
Of course I can.

Outgoing:
Nunes €60m
Neves €55m
Collins €26.85m
Coady €8.70m
Jimenez €6.40m
Giles €5.85m
Kawabe €1.50m
Sarkic €1.40m
Podence loan fee €1.50m

Total = €167.2m or £142, 418, 389.69p today.

Incoming:

Cunha €50m
Bellegarde €15m
S Bueno €12m
B Traore €11m

Total: €88m or £74, 952, 995.19p

So player trading since June 1st 2023 shows €79.2m profit (67, 464, 297.97p)

I have used XE currency converter.

Now will you answer the questions I've asked you?

10.) 24 May 2024
24 May 2024 19:19:11
Yes Jas M plus the Sky money £130 M plus season ticket money shirt sales sponsorships etc.
You have answered your own question.
I don’t have an agenda against you but you shoot posters down all the time and come across as bombastic sticking up for Jeff Shi when you have already stated that you will not be able to attend games and Fosun appear to be asset stripping and getting what they can before a fire sale like the other Chinese owners of clubs have done.
I’m not the only one who thinks this.
Have a look around.

11.) 24 May 2024
24 May 2024 19:27:56
Bully's Magic Boots - Thank you!
I have read numerous posts on both here and other sites re Wolves finances and to date you are the first person who appears to have actually opened the accounts.
To put our financial position into perspective in the last accounts - for the YE May 2023 - Wolves LOST more than £107m before player sales!
Our Wage bill is over £141m. If the first team squad are earning circa £40m - which doesn't seem crazy - then the other employees earn on average well over 200k each.
Given many will be, (some/many part time), cleaners, catering staff, security guards, retail staff, stewards, ticket office staff, groundsmen, Kitmen etc etc this does seem odd.
Any ideas?
Finally just to help clarify a couple of comments made recently:
Jas - Fabio (and the rest of the bomb squad - Guedes, Hoever, Sasa and Podence), does unfortunately still massively impact us and will continue to do so even though some were bought more than 3 years ago. They have 5 + year contracts and we pay them wages and amort their fees over the life of the contract. Over 20p in every pound the club earns (from all sources) goes to finance the bomb squad!
Phil the large sales made before the start of season 23/24 whilst apparently solving this year's FFP (or what ever you now call it) problems, do v little to solve the ongoing financial problems.
Note the club before player sales LOST £107m in 2023!
Although, as accounts are yet to be produced, we don't know for certain what it did in 2024, (management, who do know better than us, seemingly assumed it would be another large loss, hence sensibly ensured the sales were made to avoid FFP issues), or will do in 2025, (I think it is fair to assume it wil be another loss hopefully less than 2024 and a lot less than 2023), it isn't actually that hard to predict.
Income is quite stable - excluding the impact of covid - and has hovered around £170m for several years now.
Whilst on the flip side there are only 2 costs worth mentioning.
Firsly wages these will change with player sales/purchases but oddly not by much as you might think as it is seemingly non players, (who), who take most of the wages - over 140m in 2023
Secondly amorts which do run in line with contracts so are directly affected by players bought/sold/coming to end of their first contract, eg Semedo.
Overall Jas I agree we are not in as bad a financial position as some in the media make out but we are undoubtedly in a v bad situation.
I have previously made it v clear who I blame for this sorry situation so won't dwell on it but sadly once again having been on the edge of success - Seville and Coventry - it looks once again that we will be taking backward steps as others march forward!
Tks Jeff!

12.) 24 May 2024
24 May 2024 19:31:12
There’s no defence of this
Shi he’s embarrassed us as supporters
Shi has belittled our club
FFS sell up make you dirty money and do one
I won’t spend a penny into my club until Fosun are gone totally breaks my heart but it’s Bhatti time again.
Love the wolves hate fosun.

13.) 24 May 2024
24 May 2024 19:52:19
Our saleable value will drop of the cliffE
Jeff take the money and run you and your chums are done.
You could do a sir Jack and sell for a tenner if you really care about the fans of course

14.) 24 May 2024
24 May 2024 20:26:48
TFIOG welcome back.

15.) 24 May 2024
24 May 2024 20:38:22
E, I posted earlier that Wolves accounts up to 31st May 2023 showed a income of £167m and outgoings of £142m. These figures can be found on the Wolves website.

I don't intend to continue this pointless ding dong with you as its very clear that you seem embarrassed that I've called you out because you post things without proof.

You clearly taken issue with me asking you to explain your statement that Fosun had taken money out of the club and back to China. All I want is an example of how.

16.) 24 May 2024
24 May 2024 21:06:09
I'm not pretending to know anything regarding finances, and up til now wouldn't overly complain about Fosun or Shi. We are where we are thanks to them, and they've facilitated some of the best players and best football we've seen.
It does now seem, to me anyway, that they are taking the fans for granted and totally underestimate the deep passions and social cohesion within the community.
They are not selling themselves or the club, if we want success wolves aren't for you they imply.
This is disgraceful comments to make at a time when they expect supporters to fork out an extra 17+% to lend their vocal and visual backing.
I can only draw my own conclusion and that is that the signs from such patronising action is that they've had enough and are looking to get out. Global unrest may be an influence, but I think they're cashing in. The adventure looked good but hasn't returned on their expectations.
I've been depressed all day, we could be losing the heart of our team with neto, RAN, cunha, gomez Sa and of course kilman semedo and sarabia possibly going. Would GON stay? Who would he be able to bring in. Will we be returning to the 1st division as we did before?
Shi in his choice of words as unsettled my faith, clumsily ignorant or deliberately distancing he cannot oversee a club with so little enthusiasm.
My trust as gone and if Fosun are to stay it'll need some wise words and sensible rethinking before it's restored.
Very worrying times. I've said before, this summer could be critical for Wolverhampton wanderers.

17.) 24 May 2024
24 May 2024 21:11:58
Looking at the figures the club themselves have posted for Financial Statement for Year Ending 31st May 2023.

Income:
Gate Receipts- £15, 105, 000
Sponsorship and Advertising- £13, 343, 000
Broadcasting rights - £11, 148, 000
Commercial - £13, 718, 000
League Distribution - £113, 795, 000
Other - £1, 466, 000

Total: £168, 575, 000

Wages, Tax and Pensions - £141, 816, 000.

Losses including amortisation etc £67, 186, 000

This year's figures are due soon and will include the sales of Neves, Collins and Nunes etc.

18.) 24 May 2024
24 May 2024 22:06:16
Jas
Absolutely but outgoings aren't just the wages.
Total outgoings are circa £276m
This is offset by the sales - in 2022/23 mainly Gibbs White - leading as you say to the £64m loss in 2022/23.
Unfortunately the accounts for 2023/24 will probably not be available until next March, the 2022/23 ones were produced in March 2024.
Hence all actions taken this summer are done with management having knowledge of the situation - ie the accounts to May 2024 will be closed. But we the supporters can only trust that management is making sensible decisions.

19.) 24 May 2024
24 May 2024 22:51:01
TFIOG. I just posted the details from 1 page of a 46 page document. I have quite a good understanding of football finance as my best mate works for a major financial company who work with most of the PL teams.

I know there are other incomings and outgoings.

The document is available on the Wolves website for everyone to look over for themselves.

20.) 25 May 2024
25 May 2024 06:44:29
Again not financially knowledgeable, I wonder what the projected income is up until April 2025, and how the ticket sales may or may not effect will effect things.

21.) 25 May 2024
25 May 2024 07:54:25
Good to see you back Thefutureisoldgold and all who are back.

22.) 25 May 2024
25 May 2024 08:06:34
Ps
A silver lining,
As not what any poster wants to see our own in turmoil.

23.) 25 May 2024
25 May 2024 09:01:37
That's true phil, and no matter what we think we know it won't alter things one iota. All we can, and should do is remain behind our team.