Wolves owners turn £126.5m of shareholder loans into equity
Wolverhampton Wandered has posted a net profit of £18.4m during a heavily impacted period by the pandemic.
Ownership group Fosun revealed in the newly-posted results that it has turned equity £126.5m of shareholder loans, effectively writing off the debt the club owed to the owners.
The club says its broadcasting revenues were once again impacted by rebates due to the 20/21 season’s disruption.
In addition, other commercial operations such as in-store retail, non-matchday corporate events and catering, museum and stadium ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
