Wolves have announced that the club made a pre-tax loss of £57.16m during last season's successful Championship title winning campaign.
The loss - which equates to losses of around £1m per week during the 2017/18 season - surpasses the amount lost the season before by more than double, with the club reporting losses of £23.18m during the 2016/17 campaign.
Part of the reason behind the huge increase is due to the success of the club since Nuno Espirito Santo's arrival last summer - as well as an influx of Portuguese talent brought to the club thanks to a favourable relationship between the club's owners and super agent Jorge Mendes.
A statement about the results on Wolves' official website said: "
"In summary, Wolves’ owners are committed to continuously improving the club, from both a footballing and wider operational and strategic perspective.
"Their aim, through the continued application of the footballing philosophy which has been so successful during the 2017/18 season and first half of the 2018/19 season, is for the club is to become an established competitor in the Premier League."
In the club's first campaign in the English top flight since 2012, they