Wolves have confirmed Gary O’Neill as their new manager following the departure of Julen Lopetegui

Wolverhampton confirmed that former Bournemouth coach Gary O’Neill is the new coach of the team, after the departure of Julen Lopetegui.

On Tuesday, the club announced Lopetegui’s departure by mutual consent, after only nine months in charge.

O’Neill has now been appointed on a three-year deal just days before the start of the new Premier League season.

Wolves start the 2023-24 campaign at Manchester United on Monday.

O’Neill left Bournemouth in June after the club decided to part ways with his services.

He had been given an 18-month contract after his initial temporary role became permanent in November, and he went on to keep the club in the Premier League by securing a 15th-place finish.

Sporting director Matt Hobbs said: “We are delighted to welcome Gary to the club. He is a very enthusiastic young manager with strong principles and is thought of well by everyone who has worked with him, and we are excited to see what we can achieve together at Wolves.

“Our players have shown their quality during pre-season and I believe Gary and his team will continue to train and improve and have success working with this group.

“Everyone at Wolves is looking forward to welcoming Gary, offering him their full support and working collaboratively to help the club move forward together.”

Lopetegui’s departure came against the backdrop of continued financial uncertainty at Molineux.

the athlete I previously mentioned that the club needs to turn a big profit in the summer transfer window to avoid violating Premier League regulations in terms of profitability and sustainability.

Lopetegui recently expressed concerns about Wolves’ recruitment plans and warned supporters against further departures.

This summer has already seen the club raise £77.5m for Ruben Neves (£47m to Al Hilal), Nathan Collins (£23m to Brentford) and Conor Cody (£7.5m to Leicester). Only Matt Doherty and Tom King have made it so far on the free shuttle.

Wolverhampton chairman Geoff Shea insisted earlier this month that the club is not for sale despite financial difficulties.

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