Not sure if this has been posted and discussed, but in case it hasnt here it is.
Takeaways:
Wolves in the rich list top 20 for first time ever, coming at 17th place.
Above Everton marginally, a bit behind Leicester and West Ham.
Above Villa, Newcastle and Leeds, who do not make the top 20.
Not terribly behind Arsenal, but figures skewed as these are Covid accounts, so
matchday revenue collapses.
% of revenue on wages: 72%
Transfer balance: -12.4 euros
Comments
The financial figures are close to the maximum that can be afforded whilst still being able to stay inside the
FFP at the UEFA level, a little more scope with the less stringent Premier FFP.
Wolves' commercial revenue, and matchday revenue somewhat below their rivals in the Money League.
These two deficits are partly the same deficit, as increased attendence leads to higher commercial revenue,
(although this is also determined by profile and status).
Expanding the ground still stands out as the policy where Fosun can make the most difference to the well-being
and prospects of the club. Stadium investment is not affected by FFP, nor is youth development. But Wolves
have gone a long way in upgrading the Academy, so not much scope for investment there.
Overall, a remarkable achievement to come so far in the first five seasons of ownership. But this cycle is
coming to a close and Fosun have to examine if they have a strategy in place, which might maintain their
position or allow them to take the next step and become the most regularly successful club outside of the
established top group. Hard to imagine that without stadium expansion and development, or some inspired
management decisions.
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