Stefan Borson: Wolves hit major hurdle after new financial reveal

Wolves could give themselves more flexibility in the transfer market by changing their year-end accounting deadline from May to June.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the West Midlands club are currently “stuck” after they have been close to the profit and sustainability (PSR) limit over the past couple of seasons.

Under the PSR rules, Premier League clubs are only permitted to make £105million of losses over a rolling three-year period.

Wolves have been forced to sell several big-name players to ensure they remain within the limit, with the likes of Pedro Neto and Max Kilman moving on over the summer.

That has impacted matters on the pitch as Gary O’Neil’s side currently sit bottom of the Premier League table on just one point after failing to win any of their opening seven games.

Wolves could have more financial flexibility with accountancy change

Although Wolves do find themselves in a difficult financial position, Borson believes moving their accounting deadline back a month to 30 June could prove beneficial.

“I think they are stuck generally,” Borson told Football Insider.

“At the moment, they are a club that’s right on the edge of PSR breaches.

“They are also a club that has a 31 May year-end, which they can change.

“I don’t think they have changed their year-end before, which means they can quite easily change that one time.

“That would give them a bit more flexibility in that first part of the transfer window between 1 June and 30 June to sell some players and generate some additional profit if they get into trouble.

“But without that, they have to get to the end of the January window knowing they are secure from a PSR perspective and that’s often quite hard.”

In other news, expert suggests when Gary O’Neil could be sacked.

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The post Stefan Borson: Wolves hit major hurdle after new financial reveal appeared first on Football Insider.