Two transfers for Wolves fell through at the final moment due to concerns about a potential 10-point deduction.
Wolves decided to cancel their plans to acquire a striker during the January transfer window due to concerns about potentially violating financial regulations, sources informed Football Insider.
Gary O’Neil’s team was apprehensive that bringing in a new player could push the club dangerously close to breaching the Premier League’s Profit and Sustainability Rules.
Reports indicate that Wolves engaged in discussions for signings of Yuri Alberto and Armando Broja but were unable to complete either deal due to their limited budget. Both deals fell through late in the transfer window.
According to Football Insider’s previous report, Wolves were on the brink of breaching PSRs when their financial accounts for 2022-23 were made public. If found guilty of a breach, Wolves could have faced a punishment akin to Everton’s 10-point deduction in November.
Although the West Midlands club managed to avoid breaching financial regulations like Everton and Nottingham Forest, they are still vigilant about their transfer expenditures to adhere to the allowable losses of £105 million over three years.
Wolves disclosed losses of £46 million in their 2021/22 accounts, prompting club chairman Jeff Shi to address fans in August, stressing the need to exercise even greater caution with FFP management.
During the January window, Wolves were keen to bolster their attacking options, with O’Neil having to rely heavily on Jeanricner Bellegarde to lead the line in recent weeks. Hwang Hee-Chan is currently the team’s top scorer with 11 goals across all competitions this season, but the 28-year-old is presently on international duty with South Korea.
