Wolverhampton Wanderers, who have been talking about the size of their spending over the past few years, have been controversial again over whether they violate Premier League revenue and sustainability rules.
Football Insider, a British media outlet, reported on the 11th (Korea Standard Time) that Wolverhampton was on the verge of a point cut for violating Financial Fair Play (FFP) regulations.
The media said, “After the financial report for the 2022-2023 season was released, Wolverhampton is known to be close to violating FFP regulations.”
All 20 Premier League clubs must submit their updated financial reports to the secretariat by Dec. 31. On Jan. 14, the secretariat will make an announcement regarding the violation of the FFP regulations.
Citing a well-versed official in the matter, the media said Wolverhampton could be disciplined for violating spending regulations.
Premier League owners’ spending can be limited to 105 million pounds (about 176.1 billion won), but clubs can only allow losses of 15 million pounds (about 25.1 billion won) over a three-year period.
Everton, who were previously disciplined to cut 10 points, were disciplined for violating the rules as the owner spent more than £105 million.
Wolverhampton’s financial report for the 2021-2022 season shows a net loss of 46.1 million pounds. In addition, Wolverhampton spent 152 million pounds in the 2022-2023 season transfer market. 헤라카지노
Over £105 million, Wolverhampton had to sell Matheus Núñez to Manchester City for £53 million (about 88.9 billion won) last summer before closing its financial report for the 2022-2023 season.
Before the start of the 2023-2024 season last summer, Oliver Hampton’s owner Guo Chang-chang told fans, “As a team owner and club operator, what we need to learn and know is the revenue and sustainability (FFP) rules of the Premier League. There will be an annual audit before the end of the 2023-2024 season, and as in the last five seasons, it will definitely pass.”
Guo Chang-chang continued, “The FFFP regulations limit profits and expenditures for three years. Losses are limited to £105 million. We have followed FFP very well since promotion and before the COVID-19 pandemic. We have a relatively low weekly wage system, a small transfer fee expenditure from the Championship League (part 2), and finished the season strongly against the league and Europe.”
“After staying in the Premier League for a long time, we have reached a stage where we have to pay more attention to FFP and manage it well,” he said, acknowledging the need for management.
Since the 2020-2021 season, when Hwang Hee-chan joined on loan, Wolverhampton has changed into a team that is a little cautious about recruiting and actively utilizes prospects, and is investing a lot in the youth system. As mentioned earlier, last winter’s transfer market was unusual for Wolverhampton and he broke up with Julen Lopetegui, who is known to have caused friction in the process, last summer.
Meanwhile, Liam Keane, a reporter for British media Express & Star Wolverhampton, said on his social network service: “Despite today’s false reports, Wolverhampton is fully confident that it will not violate the Premier League’s revenue and sustainability rules.”