Thanks @Mr Ford 1877 - this has been brought up, before, and I replied in my post from October 19th:
"All clubs are treated the same, finance-wise, in the database. We start off with the "Cash" amount, as stated in the last available set of accounts, which is for the year 2016/17. From there, we do our best to work out what the income/expenditure has been in the interim period.
In the season 2016/17, the club made a £23m loss. Clearly, Wolves will have had higher outgoings, in terms of their wages, than money coming in, during the 2017/18 season, too.
On top of that, we have to factor in net expenditure in the summer 2018 transfer window, which amounts to over £60m.
So, we start the game with Wolves having a £70m+ negative cash balance. However, the club is set as having a "Sugar Daddy", which means that the club will not struggle in-game unduly, financially, as money will be put in by the owners, as happens in real life. We have also set Wolves with a reasonable transfer budget (considering the club already starts FM2019 with the players that it has acquired over the summer of 2018) with which to start the game, of about £20m, and sufficient leeway in the weekly wage budget to pay a decent player.
As the game plays, you should not find that the finances hinder the gameplay, but we couldn't have it so that Wolves starts the game with the players that it had bought over the summer, but without any of the financial implications of that expenditure."