Wolves in ‘trouble’ as ‘desperate’ owners react to 46m reveal [Video]

Wolves are in ‘trouble’ after reporting £46million losses in their financial accounts over the last year.

That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the club’s accounts and search for minority investment.

Wolves published their financial accounts for 2021/22 at the start of the month (6 March), with the Premier League club reporting losses of £46.1million with a £30million drop in revenue.

The club recorded losses despite reducing their wage bill by £20million to £120million.

The Times reported back in December that Wolves owners Fosun International are searching for minority investment in the club, although a majority sale has been ruled out.

Maguire believes the Wolves owners are ‘desperate’ for someone to share the financial burden at the club, but questions what positives are in it for investors.

“I think it is indicative that unless you have a player model that generates money from sales, you are going to lose money and be in trouble …