latest accounts are in...

wolves submitted their accounts drawn up to may 2012 and as i haven't seen anything on here about it - or in the B&S, or from the fans' parliament - just thought i'd pass on a few of the headlines to see what my fellow fans have to say. the accounts were supposedly signed 29 November...meaning the post-balance sheet events cover player sales in the summer but do not reflect on SS sacking.

"Review of developments and future prospects:

Since the end of the season, the company's primary aim is to regain Premiership status as quickly as psosible.[...] It is hoped that with [...] investment in the revised playing squad and a new football Management team, the club will be capable of challenging for promotion by the end of the 2012/13 season."

Profit for the financial year = £5.76m (includes c£2m profit on player disposals). A fall from previous year (£9.16m) almost entirely accounted for by the drop in turnover due to lower prem finish and reduced capacity.

Cash at bank or hand has gone down by c£12.6m, which is accounted for by c£14.5m owed to the club by other group members.

Moxey picked up a healthy £1.186m for the year, a slight payrise from the £1.152m he collected the year before.

Total staff costs were c£38m, which was pretty flat with 2010-11. That does include all wages (playing and non-playing staff) and Jez's wedge.

Our summer business saw us make a profit on player sales of c£16m, with £8.7m of that reinvested in new player purchases.