General Wolves News

[Jinky]

Anyone else seeing a lot of stuff on Twitter about Fosun selling up and new owners being in place sooner rather than later?

Not quite sure where it’s come from initially.

 

[Tredman]

This ?

https://x.com/faulknerwolves/status/1694742343562211796?s=46&t=8yPlPQoVyLXKQTmFSvGt_A

 

[Kenny]

Anyone else seeing a lot of stuff on Twitter about Fosun selling up and new owners being in place sooner rather than later?

Not quite sure where it’s come from initially.

It's people making stuff up

Selling Nunes = selling up in some odd maths being put together

 

[b3h]

FOSUN

 

[pr0sl0]

Looks like a standard rumour mill spinning into action off the back of the possible Nunes transfer.

All it takes is a couple of ITKers to post some allegedly secondhand info - even better if it's a screenshot of a text, no way to fake that! - and it'll self-perpetuate from there for a few days until it blows over.

Just can't see the club being sold this late in the window. Why rush when you can't do anything? Might as well just wait until November/December so new owners can start making changes in the January window.

 

[Deutsch Wolf]

We're nowhere near being sold, cloud cuckoo land.

 

[pr0sl0]

Out of idle curiosity I went back and checked the thread from when Morgan put the club up for sale. First rumours which had some basis to them came out on June 29th, when Spanish journalists started reporting that Lopetegui had been approached to manage us on behalf of a Chinese consortium. UK journalists at national papers were confirming it less than 48 hours later (though obviously the fact that it was Fosun and not Robin Li took longer to come to light).

Could've sworn the same "staff have been put on notice to expect a change of contract" rumour went around back then too a few weeks earlier, and that it turned out to be bullshit, but couldn't find it.

 

[prawnking]

I couldn't care less whether Fosun sell us or not

 

[Deutsch Wolf]

Out of idle curiosity I went back and checked the thread from when Morgan put the club up for sale. First rumours which had some basis to them came out on June 29th, when Spanish journalists started reporting that Lopetegui had been approached to manage us on behalf of a Chinese consortium. UK journalists at national papers were confirming it less than 48 hours later (though obviously the fact that it was Fosun and not Robin Li took longer to come to light).

Could've sworn the same "staff have been put on notice to expect a change of contract" rumour went around back then too a few weeks earlier, and that it turned out to be bullshit, but couldn't find it.

We were explicitly for sale then and at a defined fairly low price...and it took nearly a year from Morgan saying he was done (Sep 2015) to the takeover going through. All the compliance stuff Fosun had to do took weeks in itself - and I think the PL's checks are much more comprehensive than the EFL's.

It's not even on the horizon, all the 'preparing for a sale' theories are way wide of the mark, that pretty much never happens.

 

[MobNet Wolf]

There’s a screenshot doing the rounds on WhatsApp which, from an M&A perspective is total nonsense - but it sounds real enough for some to swallow.

The crux being, Fosun can’t get their asking price for the club, but they have a buyer at a lesser value and they are selling players to make up the difference.

Very difficult to know where to start. It’s like saying you’ve sold a car for less than you wanted but you’re going to sell the wheels separately to make up the difference. As if the buyer of the car just has to accept it. (Putting aside corporate law and actually taking money out of the business).

 

[Mel Evo]

We were explicitly for sale then and at a defined fairly low price...and it took nearly a year from Morgan saying he was done (Sep 2015) to the takeover going through. All the compliance stuff Fosun had to do took weeks in itself - and I think the PL's checks are much more comprehensive than the EFL's.

It's not even on the horizon, all the 'preparing for a sale' theories are way wide of the mark, that pretty much never happens.

I don’t really understand this TBH. It’s what all investment businesses do day to day. I’m sure they’re preparing for sale, almost permanently, but with greater drive now. Obviously that doesn’t mean they have a buyer and, if they did, the DD will take a few months. Again, it doesn’t mean it’s happening, but if you were making the business look good for sale everything that’s happening would be perfectly logical. These guys are an investment house, not a sole owner.

I’m also more optimistic there will be a buyer out there. It may well be an awful one.

 

[Mel Evo]

There’s a screenshot doing the rounds on WhatsApp which, from an M&A perspective is total nonsense - but it sounds real enough for some to swallow.

The crux being, Fosun can’t get their asking price for the club, but they have a buyer at a lesser value and they are selling players to make up the difference.

Very difficult to know where to start. It’s like saying you’ve sold a car for less than you wanted but you’re going to sell the wheels separately to make up the difference. As if the buyer of the car just has to accept it. (Putting aside corporate law and actually taking money out of the business).

Well, clearly, that is all nonsense, and I wouldn’t want to accidentally imply I’m supporting that

 

[Deutsch Wolf]

It's not logical though is it. They're jeopardising the key factor in our intrinsic value.

Their best hope of extracting a good price (if they do want to sell, which I'm not sure they do) is to present us as a solid Premier League club with little to no concerns about our divisional status, well we aren't there because of the Horlicks we've made of squad management since 2020 and having obviously downgraded our manager inside the last three weeks.

If we go down then literally hundreds of millions drops off the value at a stroke.

 

[slink]

Think the stories today started from that Petalengro bloke who used to write the Southbank resistance blogs. He said he heard from Hong Kong, New York and Stourbridge……

 

[Mel Evo]

It's not logical though is it. They're jeopardising the key factor in our intrinsic value.

Their best hope of extracting a good price (if they do want to sell, which I'm not sure they do) is to present us as a solid Premier League club with little to no concerns about our divisional status, well we aren't there because of the Horlicks we've made of squad management since 2020 and having obviously downgraded our manager inside the last three weeks.

If we go down then literally hundreds of millions drops off the value at a stroke.

Oh, don’t mistake me for thinking they are doing a good job There is no one better around when things are going well than PE, but there is no one worse to have involved when things start going wrong. Pretty common but reasonable observation of all the ones I’ve worked with. They tend to make awful decisions the closer they get to the steering wheel. Wolves a great case study.

They won’t really be looking at it like that though. They’ll think they can stay up and pump the P&L and anyway the investment committee have told them no more dough - clearly. And… there is always some clown of a buyer to be mugged off if they are canny enough. Making an absolute horlicks of running the business won’t mean they’re bad at that bit.

 

[pr0sl0]

Think the stories today started from that Petalengro bloke who used to write the Southbank resistance blogs. He said he heard from Hong Kong, New York and Stourbridge……

 

[thisisgil]

It's people making stuff up

Selling Nunes = selling up in some odd maths being put together

You're probably right, but worth pointing out that this is exactly what was being said when Twitter started talking about Lop leaving at the start of the window.

 

[Kenny]

You're probably right, but worth pointing out that this is exactly what was being said when Twitter started talking about Lop leaving at the start of the window.

That was started by journalists though rather than Dave378664 @definitelyaWolvesfan on Twitter though.

 

[leedswolf]

Think the stories today started from that Petalengro bloke who used to write the Southbank resistance blogs. He said he heard from Hong Kong, New York and Stourbridge……

 

[Jinky]

Think the stories today started from that Petalengro bloke who used to write the Southbank resistance blogs. He said he heard from Hong Kong, New York and Stourbridge……

That’s the main one I saw, tbf. I don’t follow him - I couldn’t stand his blog. Someone I follow shared it, unfortunately.