| First Team Overall | First Team Appearances & Scorers | Transfers | Reserves | Youth |
| First Team Player Pics & Profiles |
Owners: Allied Properties. President: Mr JR Ireland. Directors: Doug Ellis (Chairman), Malcolm Finlayson (Vice Chairman) / After takeover: Derek Dougan (Chairman & Chief Executive), Douglas Hope (Vice-Chairman), Mike Rowland, John Starkey, Wilbur J Smith jnr, Roger Hipkiss. Playing Squad: Hugh Atkinson, Martin Bayly, David Beattie, Bell, Paul Bradshaw, Mark Bromley, John Burridge, Paul Butler, Willie Carr, Ian Cartwright, Martyn Chapman, Wayne Clarke, Bob Coy, John Croke, Peter Daniel, Steven Devine, Alan Dodd, Norman Dougherty, Paul Dougherty, Joseph Ellis, Mel Eves, Tim Flowers, Joe Gallagher, Andy Gray, Andrew Green, Adrian Harris, Kenny Hibbitt, Mick Hollifield, Mark Hopkins, John Humphrey, Barry Johnson, Shaun Joyce, Billy Kellock, Anthony Kernan, Sean Kimberley, Jonathan Laws, Billy Livingstone, Steve MacLaren, Syd Marsh, Mick Matthews, Gordon Miller, Christopher Millward, Dale Outterside, Geoff Palmer, John Pender, Andy Poole, Andrew Pringis, Steve Pugh, Graham Quinn, Simon Reay, John Richards, Graham Rodger, D Rodgers, Dale Rudge, Derek Ryan, Paul Shipley, Gordon Smith, Keith Spalding, Stuart Storer, Steven Thomas, Steven Thorpe, Keith Tranter, David Trend, Paul Upton, Kim Wassell, Stuart Watkiss, Christopher Wattam, E Williams, David Wintersgill, Darren Wright. Player of Season: John Burridge. Takeover: The club go into liquidation on 2 July as new Chairman Doug Ellis admits the club owe over £2,500,000. Ellis had become Wolves chairman two weeks previous. Ultimately on Friday 30 July, the club is bought by Derek Dougan and his Manchester based consortium. The club is to be known as Wolverhampton Wanders (1982) Ltd. They agree to pay 70p in the pound to all creditors and agree to pay the Football League a £350,000 bond to guarantee the club fulfil in 1982/83 season in full. In all it is believed that £3,000,000 is paid for the ownership of the club. The people to lose out are local businessmen and club shareholders as Wolves shares are now priced at 40p where as 18 months previously they were worth 115p.
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August
5 (Castlecroft) Oxford United W 1-0 Details [Friendly]
7 (a) Cradley Town Details [Friendly]
12 (Castlecroft) Coventry City D 2-2 Details [Friendly]
14 (a) Swindon Town L 1-3 Details [Friendly]
18 (Castlecroft) Birmingham City P-P
18 (a) Dundalk Away W 1-0 Details [Friendly]
21 (H) Luton Town L 3-4 Details [Friendly]
28 (H) Blackburn Rovers W 2-1 Details*
31 (a) Chelsea D 0-0 Details
September
4 (a) Leeds United D 0-0 Details
7 (H) Charlton Athletic W 5-0 Details
11 (H) Barnsley W 2-0 Details*
18 (a) Bolton Wanderers W 1-0 Details
25 (H) Rotherham United W 2-0 Details
October
2 (a) Carlisle United W 2-0 Details
5 (H) Sunderland D 1-1 Details [FLC2/1]
9 (a) Sheffield Wednesday D 0-0 Details
16 (H) Leicester City L 0-3 Details
19 (a) Glentoran W 3-2 Details [Friendly]
23 (a) Cambridge United P-P
27 (a) Sunderland L 0-5 Details [FLC2/2]
30 (H) Derby County W 2-1 Details*
November
2 (a) Cambridge United L 1-2 Details
6 (H) Grimsby Town W 3-0 Details
13 (a) Oldham Athletic L 1-4 Details*
20 (H) Fulham L 2-4 Details
27 (a) Crystal Palace W 4-3 Details*
December
4 (H) Middlesbrough W 4-0 Details
11 (a) Newcastle United D 1-1 Details
18 (H) Queens Park Rangers W 4-0 Details*
27 (a) Shrewsbury Town W 2-0 Details
28 (H) Burnley W 3-0 Details
30 (a) Tranmere Rovers L 0-1 Details [Friendly]
January
1 (a) Fulham W 3-1 Details*
3 (H) Leeds United W 3-0 Details
8 (a) Tranmere Rovers W 1-0 Details [FAC3]
15 (a) Blackburn Rovers D 2-2 Details
22 (H) Chelsea W 2-1 Details
29 (a) Aston Villa L 0-1 Details [FAC4]*
February
5 (a) Barnsley L 1-2 Details*
12 (H) Carlisle United W 2-1 Details
19 (H) Sheffield Wednesday P-P
19 (H) Stoke City P-P Details [Friendly]
26 (a) Leicester City L 0-5 Details*
March
1 (H) Sheffield Wednesday W 1-0 Details
5 (H) Cambridge United D 1-1 Details
12 (a) Derby County D 1-1 Details
19 (a) Grimsby Town D 1-1 Details*
26 (H) Oldham Athletic D 0-0 Details
April
2 (a) Burnley W 1-0 Details*
4 (H) Shrewsbury Town D 2-2 Details
9 (a) Rotherham United D 1-1 Details
16 (H) Bolton Wanderers D 0-0 Details
23 (a) Middlesbrough D 0-0 Details
30 (H) Crystal Palace W 1-0 Details*
May
2 (a) Charlton Athletic D 3-3 Details*
7 (a) Queens Park Rangers L 1-2 Details
14 (H) Newcastle United D 2-2 Details
16 (H) Leicester City W 4-1 Details [Friendly]
17 (h) International Details
18 (a) Kidderminster Harriers W 1-0 Details [Friendly]
19 (a) Worcester City W 6-2 Details [Friendly]
