By Sean Fisher

13th Jul, 2023 | 12:52pm

Revealed: Wolves bank £178m as new government deal agreed

Wolves have loaned a total of £178million since 2019 after securing a huge government loan, Football Insider can reveal.

It was announced this week that the Midlands-based club secured a £99million loan from government agency UK Export Finance.

As reported by the Express & Star, the loan was taken out a year ago, but details of the deal have only just come to light.

The £99million will be used to aid the club’s cash flow, and it is certainly not the first loan taken out by owner Guo Guangchang.

Guangchang’s business Fosun purchased Wolves for £45million in 2016 and has often turned to loans as a source of money to fund the club.

As per the club’s Companies House accounts, they have loaned a total of £178million from different sources in the past four years.

Many of Wolves’ loans have been through Australian finance group Macquarie, who have built up a sizeable reputation and portfolio having agreed deals with Bournemouth, Crystal Palace, Middlesbrough, Sheffield United, Southampton, Swansea City, Watford and West Brom.

Wolves took out a loan with Macquarie in February 2022 secured against £6.7million of instalment payments owed to the club by Tottenham for the transfer of Matt Doherty in 2020.

Prior to that, a £23million loan with Macquarie was agreed in December 2021, secured against Diogo Jota’s transfer instalments from Liverpool.

A £50million loan deal was also agreed between the two parties in 2019, with Wolves securing the deal by putting future Premier League TV revenue on the line.

Following the release of the club’s 2021/22 financial accounts, finance expert Kieran Maguire revealed that Wolves were paying an interest rate of 7.14 per cent for their Macquarie loans – which at the time totalled £60million.

In other news, Newcastle now plot raid for Wolves star amid Kieran Tierney update