A slump in attendances as Wolves slid out of the Premier League last season wiped £4 million off its turnover, the club revealed today.
Pre-tax profits were also down at £2.16m after player trading and net interest, compared to £2.24m for the previous financial year.
Wolverhampton Wanderers has released its figures for the year ending May 31 earlier than usual in the season to comply with new Football League rules.
The first to see the results were supporters at a Fan’s Parliament meeting at Molineux last night.
Turnover last season was down to £60.6m compared with £64.4m in 2011.
Wolves chief executive Jez Moxey said all were united behind the goal of trying to regain Premier League status as soon as possible.