FOREST DRAG WOLVES INTO DEFENCE OF THEIR PSR BREACH

FOREST USE WOLVES SALE OF RUBEN NEVES AS DEFENCE OF THEIR PROFIT AND SUSTAINABILITY BREACH
Wolves thought they had heard the last of the financial fair play issue, at least for a few months. But they were dragged back into the picture when the report explaining Nottingham Forest’s four-point deduction stated that Forest had alleged Wolves had to sell Ruben Neves in June last year to avoid breaching the spending rules.

Wolves were baffled and annoyed by this claim, as they say the sale of Neves had nothing to do with avoiding a breach. According to Wolves, their accounting period runs from June 1 to May 31, so the income from Neves’ transfer will be included in the 2023-24 accounts, not the 2022-23 accounts that were checked against the rules.

Wolves are confident they will stay within the £105 million loss limit for the 2021-24 period as well. Their forecasts predicted they would end up £2.7 million inside the threshold, based on a 17th-place finish and minimal TV broadcasts. However, their better-than-expected season means they are likely to finish higher and appear on TV more often, bringing in additional income and moving them further away from breaching the rules