It looks like Wolverhampton Wanderers are “dangerously close” to what happened to Everton.
This is what a recent article from Football Insider says. They say the Midlands-based club might have broken Financial Fair Play (FFP) rules when their 2022–23 records are made public later this week.
The current FFP rules say that a club can’t lose more than £15 million in a rolling three-year term. That limit can be raised to £105 million with ownership investment deals, but Wolves’ accounts from last year showed that they had lost almost £50 million.
The club then spent just over £150 million on new players in the next few transfer windows, leaving them deeply in debt.
So, Matheus Nunes was able to join Manchester City last summer in a deal that was said to be worth £53 million (Sky Sports).
Even though the club tried hard to fix their finances, the Portuguese midfielder’s move to the Etihad was too late to be counted in their 2022–23 finances.
On January 14, any club found to have broken FFP rules after the deadline for accounts last month will be named, along with the relevant punishments.
As of 20 games, Gary O’Neil’s team is 11th in the Premier League table with 28 points, 13 points ahead of the relegation zone.