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Laurie Dalrymple: Wolves meet FFP rules

Wolves are ‘not in danger’ of breaking Financial Fair Play (FFP) rules, managing director Laurie Dalrymple has insisted.

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The club’s accounts from 2016/17 revealed a £23million loss and another large loss could be recorded for the current campaign.

FFP regulations dictate that Championship clubs can’t operate a loss of more than £39million over a rolling three-year period, meaning if Wolves were to fail to achieve promotion their spending power would likely be heavily trimmed.

The pending purchase of Diogo Jota this summer will take spending under Fosun to £67million in two years.

However, Dalrymple said: “We are very comfortable with where we are.

“We have always maintained that we were going to have to make strong investment in the squad to improve it and add more depth.

“We have managed to do that through a clear plan and have invested to put the club in the best place to succeed and get to where we want it to be.

“Have we put ourselves in danger? No.

“We are comfortable that we are going to comply with the rules that are in place and achieve that goal, whilst remaining cautious and humble enough to know we have nine (now eight) key games left in which we have to perform.”

Dalrymple was speaking a meeting of the Wolves Fans’ Parliament, held last Thursday.

Chairman Jeff Shi and sporting director Kevin Thelwell also attended and the latter gave an update to supporters on goalkeeper Carl Ikeme, who continues to receive treatment for leukaemia.

Thelwell said: “He’s based in Manchester, close to the hospital, and is there Monday to Friday and home for weekends.

“He’s very up and down and there are days when he is very tired but the situation around him is very positive.

“He has to go through all the treatment and hopefully comes back to us fit and well and with a clean bill of health.

“We always let him know we are thinking about him here.

“A few of us have been up there and had a bite to eat or a coffee with him, and he appreciates everybody’s support and love.”