Chairman: Steve Morgan
Wolves were the only club to produce genuine profit in the last set of accounts - £9 million. A solid ownership and leadership structure have seen Wolves marry the urge to increase the quality of their squad (net spend of £20 million over the last two seasons) and the need to run the business correctly.
Cash is now being used to redevelop Molineux and some borrowing will need to take place in the coming years in order to finish that. A slightly reduced capacity this season will see gate revenue reduced but, as a percentage of total income, a finish one or two places higher in the league will easily cover that early loss, such is the value of final league standings in the Premier League.
Despite the outlay on the new stands and investment in the squad, I feel confident the club will still be able to break-even, with a profitable position not totally out of the question.
Profit Likelihood: 6.5/10
Its a shame that football clubs can't fill their gounds.
The premiership may be the best league in the world but it looks bad on tv when no ones in the grounds.
Anyone who believes that thetaxman gets half of the money paid to foreign footballers (and some home growns too) is deluded. They are using offshore companies as tax shields and paying very litlle if anything back to the UK. It needs sorting and quickly. Tevez has barely paid a penny in six years in the UK.
Beyond that they are overpaid anyway. All Premiership footballers should be on a base wage of not more than £2k per week which is enough for anyone. Then they can ber paid appearance money for playing for the first team, say £25k. Players on the bench are then paid proportionate to time on the field. That'll sort them out and stop clubs hoovering up all available talent.
Time to get this all sorted.
I get annoyed when people say the premiership footballers get paid too much... they are at the pinicle of a massive sport, and just like any other business that tries to maintain tallent within its ranks, thay have to pay thier employees enough so that another employer does not snap them up.
All players are actually getting the market rate for their services... well, except for Torres.
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