General Wolves News

[Del Woppio]

Isn't that now three in the last three months? What the fuck is going on?

 

[Tony Towner]

Someone has taken a massive drink I'm sure completely legally, it's the only way it makes sense

 

[MARKakaJIM]

But we surely aren’t operating at a loss? So we’ve either fucked up massively on the transfer cash flow or there’s a massive hole somehere where money is falling out somewhere.

Small squad, small wage bill, full ground at high prices, minimal transfer spend, no training/ground redevelopments. Honestly no idea how we could be short of cash unless all our transfers out are loaded on the back end and transfers in upfront.

Well we know the Jota transfer, biggest transfer income by far, fits that pattern. Apparently Porto needed cash badly when Fabio came in and we've seen Barca's financial situation laid out bare now so perhaps they were the same with Semedo, they would fill in the other half.

The accounts might look great but they're in no way the same as actual cash flow.

 

[PuntsWolf]

.

Well we know the Jota transfer, biggest transfer income by far, fits that pattern. Apparently Porto needed cash badly when Fabio came in and we've seen Barca's financial situation laid out bare now so perhaps they were the same with Semedo, they would fill in the other half.

The accounts might look great but they're in no way the same as actual cash flow.

So we are loaning other clubs Money and then getting charged for it. Genius from the club.

 

[BillyDee]

I'm by no means a financial genius but, if the money eventually incoming is virtually guaranteed, why is our parent company not loaning it to us at zero cost?

 

[From Distant Shores]

I'm by no means a financial genius but, if the money eventually incoming is virtually guaranteed, why is our parent company not loaning it to us at zero cost?

It's likely that all their cash in Europe is tied up with Club Med and their other holiday companies.

Or perhaps it's because Jeff Shi has decided to make a name for himself in Fosun by showing how we can make Wolves profitable without corporate funds.

 

[Derby Wolf]

Keep going at this rate like we're going to have to redeploy @Sedgley Wolf on the Loan Watch thread.

It's getting to the stage now we need the accounts out to try and understand just exactly what's going on.

 

[Elephant Pyjamas]

I can't help but be worried by this now, it just defies logic.

 

[Johnny75]

Someone has taken a massive drink I'm sure completely legally, it's the only way it makes sense

That would be my guess. Just before we are put up for sale this summer.

 

[YoungWolf]

I was wondering if the way they are operating points to them selling but couldn't tell if I was being overly paranoid (if that's even the right word). Next few months should tell us quite a lot I guess.

 

[WsWolf]

Definitely seems likely they'll be selling up.

 

[Del Woppio]

It'll be very interesting to see how much of the Fosun debt we paid off in 20/21. Given the deferred TV/merit payments and the lack of 1st team or infrastructure investment I have absolutely no idea why we're needing to borrow money. And then further down the line, cash income will obviously be affected when this jota/doc/future TV money comes in, and goes straight to Wonga, and we need more bloody loans. Absolutely mad

 

[Deutsch Wolf]

You can only sell what someone will buy.

I don't think there's too much of a market out there for a mid-table provincial PL club who have (at least for now, possibly permanently) hit their ceiling, with a squad that has more depreciating assets than players who hold significant transfer value, and a mid-sized ground that has at least one, probably two stands that need rebuilding. What would Fosun value us at, £150m plus whatever soft loans are on the books (£100m?)? More?

If I had to make a supposition then it'd be that they'd claw back some of the loans piecemeal, year on year, and we'll continue to run close to or at a net zero transfer spend. Which probably means we'll decline in league position year on year as well.

 

[Stan Hullis]

Southampton sold for £100m or so didn't they?

I'd say we just about have more appeal than they do

 

[Deutsch Wolf]

Southampton agrees £100m takeover by Serbian media tycoon

China’s Gao Jisheng sells 80% stake to Dragan Šolak in deal that values club at £250m

www.ft.com

£100m for 80% and also covered off the near £80m debt on the books.

 

[AndyWolves]

What happens when we run out of future things to secure charges against?

Don't like this at all

 

[Boozad]

Our credit rating is obviously ace though.

 

[Alan]

We're a football club, we'll have no trouble finding buyers, IMO.

The issue will be if said buyer is a ninny with more money than sense (I.E., most owners).

 

[Boozad]

We're a football club, we'll have no trouble finding buyers, IMO.

The issue will be if said buyer is a ninny with more money than sense (I.E., most owners).

Issue? Spunk money like Villa and 90% of this forum will be happy as pigs in shit.

 

[Tony Towner]

I seem to remember 90% of people on this board were as happy as pigs in shit when Fosun did