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[Deutsch Wolf]

How are we going into admin mate?

 

[Johnny75]

How are we going into admin mate?

Fosun may well asset strip the club this season before we go down. Essentially the writing being on the wall and a way out.

They have form for doing this with other companies (Thomas Cook).

They have no ties so no emotion, purely a money decision.

It may be political too, noises out of China telling companies to withdraw foreign funding and their own impending property crash all affect a Fosun.

 

[Deutsch Wolf]

Not a hope.

They're not particularly good owners right now but none of that will happen.

 

[Johnny75]

Not a hope.

They're not particularly good owners right now but none of that will happen.

I really hope you’re right and I’m wrong.

Although it is perfectly possible and has been done throughout football very recently. You cannot say with certainty it won’t happen.

 

[Deutsch Wolf]

Which Premier League clubs have *ever* been asset stripped in that way?

Portsmouth are the only PL club to ever go into admin, due to having owners who variously were a front for an arms dealer or flat out didn't exist.

No PL club has gone into admin swiftly following relegation for around 20 years, this is why parachute payments came in.

I can't say with certainty that we'll kick off at 2pm tomorrow but the chances are we will.

 

[Jack Regan]

It would seem inherently stupid for Fosun to sign both Matheus and Kalajdzic in the most recent window (plus Diego's wages) to then try and asset strip us as soon as possible. They'd have been much better off to wait and not do that, and keep the previous idiot in charge.

 

[Johnny75]

I didn’t mention the PL, I said football. Which it has.

It may be that Fosun sell us in January, if not before, in which case it’ll be a new dawn.

Everything to me points to them checking out and looking to get as much as they can over the next 6 months.

 

[Johnny75]

It would seem inherently stupid for Fosun to sign both Matheus and Kalajdzic in the most recent window (plus Diego's wages) to then try and asset strip us as soon as possible. They'd have been much better off to wait and not do that, and keep the previous idiot in charge.

Not really, they will balance Kalajdic and Hwang against the deals for the other players.

It’s no secret they’re looking for buyers and the Chinese government or telling companies to withdraw from foreign investment.

 

[Deutsch Wolf]

I still don't even think it's happened in "football"!

The Oystons absolutely hammered Blackpool's bank accounts once the Premier League money came in. But they didn't do what you're saying, I cannot think of any examples in professional football in Britain since 1990 where what you're describing - a valuable squad gets sold off way below its actual worth, and the owners then put the club into administration and walk away - has happened, it's amazingly far fetched.

The only even remotely near thing is the Wigan fiasco 2-3 years ago. But we know that is nothing like comparable.

 

[Johnny75]

Derby, Blues, Wigan, Bolton and Port Vale have all been asset stripped recently.

Not just players but infrastructure too. Depends what assets are worth the most to the owner.

It isn’t far fetched, it’s actually happened.

 

[Deutsch Wolf]

Have they been asset stripped? Really? In what way?

Bear in mind that Fosun can't do any iffy deal with Molineux as they don't own the freehold and never will.

 

[Johnny75]

Have they been asset stripped? Really? In what way?

Bear in mind that Fosun can't do any iffy deal with Molineux as they don't own the freehold and never will.

You highlight that the assets are in the players with Wolves and other clubs it’s with their infrastructure.

And yes they were stripped. Training grounds, catering contracts, playing squads. All were stripped.

And as you pointed out the Oystons too.

But Fosun do have form for this as I’ve pointed out. If they cared about the football side of the club they wouldn’t have Jeff Shi in charge.

Of course I hope admin it doesn’t happen and hope they sell us over the World Cup break.

 

[Deutsch Wolf]

I would very much doubt any of the following will happen between now and September 2023:

- Fosun do not own Wolves
- Wolves sell multiple players way below market value, as in obviously so
- Wolves sell Compton and/or any other tangible assets (they can't do anything with the stadium)
- Wolves go into administration

But we'll see.

I thought you were part of the clique, man

 

[Johnny75]

I would very much doubt any of the following will happen between now and September 2023:

- Fosun do not own Wolves
- Wolves sell multiple players way below market value, as in obviously so
- Wolves sell Compton and/or any other tangible assets (they can't do anything with the stadium)
- Wolves go into administration

But we'll see.

I thought you were part of the clique, man

Always

I think they will sell us but I hope the rest doesn't happen. Just think it might.

 

[Langers]

I made a number of points - you're entitled to disagree , but that's all you're entitled to .

We all have opinions here and are entitled to state them , as long as we do so in a reasonable and fair manner .

I'll continue to post here and I won't be put off by anyone .

Good post.

I don't particularly agree with all of your posts but I appreciate that you make them without resorting to petty name calling despite being on the receiving end of some yourself.

Please could I ask other posters to respect other members' posts and opinions and keep it civil?

Cheers thnx bye

 

[GLASGOWOLF]

Fosun may well asset strip the club this season before we go down. Essentially the writing being on the wall and a way out.

They have form for doing this with other companies (Thomas Cook).

They have no ties so no emotion, purely a money decision.

It may be political too, noises out of China telling companies to withdraw foreign funding and their own impending property crash all affect a Fosun.

Where does your hatred of the most succesful owners we have had in 40 years come from.
You have no insight into Fosun's inner workings or plans. You are so far wrong with it all none of what you say makes any sense, and has no basis, with decisions they have taken.

They tried to make 2 appointments, were turned down rather than go like spurs and get their 9th choice they decided to wait for other options.

 

[Wilf Wolf]

Fosun bought the club to make money and everything went well for a while. They’ve since discovered something we all knew, breaking into Eoropean places on a regular basis is extremely difficult. They initially took a long term approach with Fabio, then restricted expenditure before having a bit of a scattergun approach to signings whilst initially retaining a manager not fit for purpose.

With the team struggling and relegation a real prospect I’d be amazed if they haven’t had a look at their financial options. One would be see whether the value of the club exceeds that of the individual assets. With PL income it won’t but if you throw in parachute payments it could be if we get relegated. No need for administration, just sell the better players, don’t replace them and accept the team will slide down the leagues. Highly unlikely but if they want out and there’s no buyer that exceeds the value they could get from doing this it surely could be a possibility.

 

[Johnny75]

Where does your hatred of the most succesful owners we have had in 40 years come from.
You have no insight into Fosun's inner workings or plans. You are so far wrong with it all none of what you say makes any sense, and has no basis, with decisions they have taken.

They tried to make 2 appointments, were turned down rather than go like spurs and get their 9th choice they decided to wait for other options.

Think you need to learn to read, all your answers are in the post you quoted.

 

[Tony Towner]

Most successful owners in 40 years is becoming the new we were in League 1 7/8/9 years ago. At what point does that become irrelevant? In the last 2 and half years in no particular order they have:

Removed the heads of both the football and none football sides of the business and replaced them with Shi and a Shi yes man

Paid 35m for an 18 year old kid who in his 3rd season still isn't deemed ready for PL football with all the money up front

Sold Jota on an awfully structured deal

Signed a right back at twice his worth

The above 3 points meaning we went another 3 windows without any real investment in the squad

Sacked the best manager we had in 40 years- you can't claim one without the other

Replaced him with a yes man plant. Not fit for the role on any level, whilst not seeing what other options there may be out there

Got handed their arse by Barcelona on the comedically stupid Adama deal.

Gutted the first team squad of its leadership to try and cover the man management deficiencies of the clown. Then sack him a month later.

Linked to the above are so desperate to get Coady out of the building. They practically give away a current England International

Start the season with a bench full of kids because the recruitment was too late and we didn't have one fit forward

Eventually sign a forward with a considerable injury record, who gets injured.

Decide late on because they are scared we'll go down to spend on the squad, but the bulk of that seems to have to be on Mendes clients. In a meritocracy that 65m wouldn't even start today.

Sack the clown, which even if you give a pass on the appointment in the first place should have happened at the end of the season. That's 2 seasons at best wasted because of those decisions

Have a team who have had a soft start to the season opponents wise in the bottom 3 on merit

Are rejected by their primary target for reasons that were known beforehand whilst waiting a week to do so. Are rejected by their secondary target, because they couldn't sell the opportunity to a manager in the league below. Then probably decide to gamble on the next 6-8 games hoping target number one will become available. That last sentence is the only one which is supposition not fact.

Speaking of vision, neither play a remotely similar style. How does that work?

All whilst massively inflating season ticket prices, not once but twice. The only side to put them up 4 seasons in a row in the PL.

 

[prawnking]

They tried to make 2 appointments, were turned down rather than go like spurs and get their 9th choice they decided to wait for other options.

I thought 3 came after 2, not 9?

No one forced this target list on them.

They chose to go back to a top target from six years ago (laziness or lack of imagination?) while he was in the middle of both professional and personal crises, then when that reached it's inevitable conclusion, performed a complete profile 180 to Beale.

They couldn't sell the club to him either, so instead of carrying on with a proper recruitment drive as custodians of this club, just pouted, gave up and decided to hand it to the nearest League 2 manager. May as well have given Paul Simpson or Keith Curle a call.

Unjustifiable incompetence at this level, you're making out like they're victims of circumstance left with no alternatives.