Revealed: Wolves stand to lose £48m in huge potential blow
Wolves are among the Premier League clubs facing huge losses if the season is prematurely ended, Football Insider can reveal.
Premier League chief executive Richard Masters has warned top-flight clubs could be hit with a combined £1billion bill from the coronavirus pandemic should the campaign finish right now.
The possibility of no more home matches at Molineux would put a massive dent in Wolves’ finances soon after they posted a gleaming set of financial results.
Analysis by Football Insider has shown that Wolves would lose around £48m from the loss of broadcasting, commercial and matchday revenue.
The bulk of the deficit would be from losing out on £42m TV cash based on their current sixth place league position as well as £2m from their remaining home matches and a potential £5m from commercial and merchandising.
This comes soon after Wolves announced they made a post-tax profit of £19.5m last season from a record turnover of £172.5m.
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This was impressive as more than half the Premier League clubs posted losses for the last accounting year.
Wolves are in a better position than many of their rivals to withstand the potential devastating costs of calling the season early.
But it would nonetheless hit them hard despite the revolution of the club inspired by Chinese investment group Fosun International.
Talks are ongoing behind the scenes about when the Premier League can realistically return as the coronavirus pandemic wreaks havoc to the football calendar.
Top-flight clubs are assessing various options to complete the season, including recommencing in the second or third week of June, playing matches behind closed doors and at neutral venues.
In other Wolves news, it can be REVEALED that rivals Aston Villa have been given encouragement to sign Molineux man this summer.