Wolves' transfer business not to be affected by Uefa rule breach
Wolves’ spending power will not be affected despite breaching Uefa’s financial fair play rules, the Express & Star understands.
The club have agreed a financial settlement of up to £540,000 (600,000 euros) after missing out on the governing body’s three-year break-even requirement.
The figure will be withheld from any money they earn in Uefa competitions, with £180,000 being paid in full while the remaining £360,000 is conditional.
That will not have to be paid if they reach the terms of the agreement with Uefa, who said in an official statement: “The settlement agreement covers the sporting seasons 2020/21 and 2021/22.
“Wolverhampton Wanderers FC undertakes to report a maximum break-even deficit of €30 million (£27million) in the financial year ending in 2020 and to finally reach, in the 2021/22 season, an aggregate break-even result for the financial years ending in 2019, 2020 and 2021 within the acceptable deviation.”
Wolves’ failure to reach the Uefa target is believed to mainly be down to the outlay in 2017/18 when they won promotion to the Premier League.
Wolves have just reached the quarter-finals of the Europa League and if they go all the way in the Germany mini-tournament, will qualify for the Champions League.
But if they do, they will only be able to use a 23-man squad instead of the usual 25. That will continue into 2021/22 unless they fulfil all financial measures set out by Uefa’s Club Financial Control Body.
Ultimately, the club are understood to be relaxed about the situation as they get ready to face Sevilla on Tuesday in Duisburg and their summer business will not be affected.
Meanwhile, Jonny Castro Otto is being assessed ahead of Wolves’ flight to Germany on Sunday after limping off with an apparent knee injury in Thursday’s win over Olympiacos.