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Wolverhampton Wanderers administration history: every insolvency event since 1986
Wolverhampton Wanderers has one insolvency event on record in 1986, with no points deducted. The most recent: administration in 2 July 1986, Fourth Division.
Wolverhampton Wanderers timeline
- · Fourth Division · Administration
Wolves went into receivership for the second time in four years on 2 July 1986, with debts of almost GBP 2m, after three straight relegations had dropped them into the Fourth Division. Receivership is recorded here as an administration-type event. No points deduction applied (the Football League's automatic administration penalty did not exist until 2004-05).
Owner at the time: Mahmud and Mohammad Bhatti (Allied Properties)
Outcome: Survived. Rescued in summer 1986: Wolverhampton Council stepped in and Gallagher (J.J. Gallagher) bought the club and rented the stadium from the council, and the Bhatti brothers were forced out. The club kept its place and started 1986-87 in the Fourth Division.
Sources: Sky Sports: Wolves' bankruptcy in 1982, 40 years on · Unexpected Delirium (Ian King): 100 Owners: The Bhatti Brothers (Wolverhampton Wanderers)