Premier League club avoids breaching financial rules despite loss

Wolves are positioned to remain compliant with the Premier League’s financial regulations despite reporting a loss of £67.2 million for the financial year.

That is according to BBC, which details how the annual losses over the last two financial years are just within the limit allowed by the league.

Wolves will escape sanctions such as fines or points deductions, unlike Everton, who have incurred a deduction of 10 points due to breaching financial regulations.

Everton reported losses of £371.8 million over three years, exceeding the Premier League’s allowed limit of £105 million over the same period.

However, upon appeal, the penalty for Toffees’ breach of financial rules was reduced from 10 points to six.

Wolves have been careful with their spending this summer which is a reason why former manager, Julen Lopetegui, left the club just before the league season began.

The club refrained from signing his desired targets to adhere to the league’s profit and sustainability regulations.

To further ensure compliance, Wolves may consider offloading valuable assets such as Pedro Neto in the summer transfer window.

Clubs like Tottenham and Arsenal have reportedly expressed interest in signing the winger, with Wolves potentially open to negotiations despite valuing him around £80 million.

O Neil has done a decent job at Wolves since taking over

Gary O Neil has done a decent job since taking over, guiding Wolves to the FA Cup quarter-finals as well as maintaining a respectable position in the league.

They currently sit 10th in the table, trailing 7th-placed West Ham by four points and 6th-placed Manchester United by six points.