Wolves have been told their decision to spend cautiously during the summer was right as Everton receive points deduction.
Everton were hit today with a record breaking punishment for breaching the Premier League’s profitability and sustainability rules.
This comes after the Toffees were referred to an independent commission in March according to The Athletic, for alleged breaches.
As a result of their 10-point deduction, Everton have dropped down to 19thin the league which is level on points with bottom side Burnley.
Now after financial concerns at Wolves were highlighted throughout the summer, it would appear that the Molineux chiefs decision to act cautiously in the transfer window was the right one.
Express and Star journalist Liam Keen has agreed that it was the right call, despite the lack of movement being the cause of Julen Lopetegui’s departure.
Keen took to X after the Everton news came out with his verdict including a claim on Wolves.
“Everton being docked 10 points for allegedly breaching FFP wholly vindicates Wolves’ decision to be incredibly cautious in the summer.
“Everton are set to appeal, but a precedent for a punishment has now been set and this was one of Wolves’ big concerns in the summer.”
This will be something those in positions of power at Wolves will be delighted by after the criticisms they took on during the summer.
This was after a loss of £46 million was declared in 2021-22 according to The Athletic, which left the club in need of resolving this ahead of this season, hence the high sales.
The summer of 2023 saw Wolves sell £140 million worth of players which The Telegraph say will see Old Gold avoid future punishment.
During the summer, Wolves put themselves back on track financially with shrewd business.
The sales of Matheus Nunes (£54m), Ruben Neves (£48m), Nathan Collins (£23.4m), Conor Coady (£7.6m), Raul Jimenez (£5.6m) and Ryan Giles (£5.1m) have put Wolves in a far better position.
The sale of Nunes being defining in allowing Wolves to spend the £28.8m they did around deadline day.
So after a cautious summer, Wolves are probably in the clear for now at least which should put them in a brilliant position to spend in the new financial year.