We aren't falling for this are we ??

We are on 8 points! I mean I don't get why people don't understand how bad this team has been, it's managed to lose so many points late on.

If we are saying quality wise no it's probably not the worst team, if you're talking pound for pound, talking points per game, talking the inability to use the quality it possesses to turn in results, it's massively the worst wolves team ever, as much as people want to say it isn't,in all those metrics it is
It’s not the worst quality. It’s just the quality of the other 19 is better. They’ve moved, we’ve stagnated
Since Covid we have failed to adequately replace or upgrade
Patricio
Moutinho
Semedo
Raul
Traore
Jota
Sarabia
Kilman
Cunha
RAN
Neto
Neves

We have also sold the likes of Dendonker and wasted plenty on inferior players .

We had a project and a vision that stopped after Covid and are in this mess because of it . To get that quality again is beyond the scope and pockets of our owners. Boat missed
 
So in isolation would and could I stand by the decisions to sell Larsen and the Agba and Arias to follow for approx £83m ?, yes I could crazy money for Larsen and the other two aren't working. But it is the context, following 5 years of no net spend, we then add on another window where we sell £80m and spend £7m on Armstrong and maybe £7m on Gomes in the summer.

On the subject of these two, I am aligned and good signings makes sense. That has resulted in some positivity, which is needed but doesnt change the financial context and reality of the January window.

But all season a lack of quality wide forwards has been the most obvious missing piece. No surprise when Adama/Jota/Neto/Cunha/Podence have all left and not been replaced. Yet this window even with the sales from above, let alone the summer we sign a number 9 who can play wider. It just doesn't make sense, or maybe more concerningly it does. This is an ownership who wanted to re-appoint the manager they sacked 6 months before because they were saving money as already paying him.

We had the podcast runners meeting with the chairman etc, which is a PR show. I 100% believe all of the fan/podcast attendees went with the right motives and desire and asked all the right questions. But there is also an element of ego and an element of wanting to be seen to be influential. And lets be honest new chairman or not, are there any signs of any change of policy. Nathan Shi is not going to stand there and say, 'yes we are asset stripping and will continue selling and spending little and tasking Edwards with getting us promoted with no cash'. But that appears the reality. The quotes of 'we will invest whatever is required to get back to the premier league', well they feel empty, easy words and the actions of January give no indication as to their veracity. I am sure we will be told this is about clearing some space ready for a summer of change, but what gives you any indication won't be just sell Andre, Gomes and Mane and spend a tint fraction of this on 2-3 players ??. There is nothing, why would Fosun change the model of the last 3-4 years now, it feels empty, it feels like words and it feels like if we are judging on actions (which we were asked too) that they are just clawing more and more cash back from their asset.

There for me is no evidence to the contrary, I would love there to be, but there isn't. We can hope, but that feels all it is.
We aren't falling for this are we ???
It's all down to that " asset stripping " accusation.

It's the one thing that doesn't hold any water. No money has left the club, or company.

You can accuse Fosun of poor investment, poor judgment in it's recruitment, poor management and of failing to improve assets and increase their value, but there is absolutely no evidence that any money has been extracted, or diverted to any other entity.

If when the next set of accounts are published there is any such evidence I will be the first to say I was wrong about this, but this accusation has been made on social media, including this site, for the past 3 or 4 years and the published accounts have shown it to be completely false.

I can only assume that when people talk about "asset stripping" they are using an emotive slogan to mean something different? If not can someone point me to any evidence that anyone within, or connected to, Fosun has made any profit out of the failures that have resulted in Wolves current predicament?

Even the now disgraced and departed Mr Shi seems to have been on quite reasonable remuneration for the job he was, supposedly, doing and I doubt if the corporate structure of a multinational business like Fosun would have given him much scope for personal enrichment.

In an answer to the often raised question " where's the money gone? " I would say it's blindingly obvious. It's gone into the pockets of the Premier League, Sky TV , players agents and assorted middle men.

The only real accusation you can make against Fosun, that will stick, is perhaps they have not thrown quite as much money down the toilet of Premier League football as some others have in the last 5 years and have therefore not reaped the "rewards" that people seem to think are due.
 
It's all down to that " asset stripping " accusation.

It's the one thing that doesn't hold any water. No money has left the club, or company.

You can accuse Fosun of poor investment, poor judgment in it's recruitment, poor management and of failing to improve assets and increase their value, but there is absolutely no evidence that any money has been extracted, or diverted to any other entity.

If when the next set of accounts are published there is any such evidence I will be the first to say I was wrong about this, but this accusation has been made on social media, including this site, for the past 3 or 4 years and the published accounts have shown it to be completely false.

I can only assume that when people talk about "asset stripping" they are using an emotive slogan to mean something different? If not can someone point me to any evidence that anyone within, or connected to, Fosun has made any profit out of the failures that have resulted in Wolves current predicament?

Even the now disgraced and departed Mr Shi seems to have been on quite reasonable remuneration for the job he was, supposedly, doing and I doubt if the corporate structure of a multinational business like Fosun would have given him much scope for personal enrichment.

In an answer to the often raised question " where's the money gone? " I would say it's blindingly obvious. It's gone into the pockets of the Premier League, Sky TV , players agents and assorted middle men.

The only real accusation you can make against Fosun, that will stick, is perhaps they have not thrown quite as much money down the toilet of Premier League football as some others have in the last 5 years and have therefore not reaped the "rewards" that people seem to think are due.
You can accuse Sky TV of many things but taking money, as opposed to giving ridiculous sums, to PL clubs ain't one of them!

Oh, and you talk about the amount the club spent (and over the last five years our net spend is the second lowest in the PL - actually below Sunderland who spent two of those years in L1!), while carefully ignoring how much of that money was wasted by the lying leech and his yes men.

I have zero time for apologists for incompetence or worse.
 
You can accuse Sky TV of many things but taking money, as opposed to giving ridiculous sums, ain't one of them!
I haven't looked at the accounts of Sky TV, or it's associated companies, but I'd hazard a guess it is in a healthier financial position than most football clubs.
 
There for me is no evidence to the contrary, I would love there to be, but there isn't. We can hope, but that feels all it is.
We aren't falling for this are we ???

You can't fall for something that hasn't happened yet. This is always the case with a season write-off in January, you've just got no option but to wait and see.
No 'top' player is going to commit for next season yet, and the better players will only come if they can see intent, which depends on other signings being made at the same time and serious evidence of committment.

I think Armstrong is a good deal, possibly one of the only ones we could make.....28 yrs old, decent player, never really played in a great team, gets the chance of a longer contract at a club trying to build something better. A lot of other players would not join us right now, and some of those better, younger players are the ones we'll need to convince with actions in the summer. That will be the change required..restoring trust and stability and players thinking it is a good place to play and further careers. The last 36 months has seen that fizzle away as we declined.
 
Are we really one of the worst PL squads ever? I don't think so, we were just a shambles from pre-season until Vitor left. Our best XI is definitely short of a RWB and a 10, I'm sure we could argue about some other positions such as GK, creativity in midfield and pace. The standard is rising though (particularly in 7th down).

We are certainly one of the worst in Premier League history if you take stock in the old saying, "The table doesn't lie".

I suppose there is an argument we would beat the 2008 Derby side because even the worst sides in the league have improved since then. OTOH, our estimation of this Wolves squad is arguably affected by the fact even mediocre players cost tens of millions of pounds these days. How much would the then Kenny Miller in his prime be worth in today's money? Easily £20m, and he would walk into our current team. Rob Earnshaw would probably be worth a shout over Hwang.
 
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I think people often forget Fosun took a loan out against club assets for the PL tv money

Jeff said previously 100% won’t be reinvested because we don’t need to. Fair enough if you can back it up with gems

Let’s wait and see what the summer brings a new wave of Mendes talent?

Pointless moaning more about the situation we are in. This was a managed decline (Jeff knew what he was doing)

When you get 43m for JSL it’s not a case of spending £43m most of that is paid in instalments anyway. Agent fees whatever else. If we can spend 50% of that and make it work happy days. The club might want to invest in better scouts though!

Selling players now and in the summer is key. This is going to unlock our long term future. Think of the bigger picture. This reset was needed for very long time….

Agba and Arias could still leave them happy days. We are relegated anyway getting rid for the best price is high priority.

The two new signings under Nathan’s tenure are very good for where we are heading…. Gomes even a loan very good capture for us. Armstrong proven at champ level will be important for us
 
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Its going to be a bumpy summer in many ways I think.

Personally, I couldn’t care less about selling Larsen, Agba or Arias really (all have stank this season and some very good fees soften that blow even more). We’ll almost certainly sell others that few will really care about too much also - Wolfe, Andre, Sa, Munetsi and Hwang for example? Joao will obvs go too though with best wishes and less of a collective shrug. Hopefully all for decent enough fees. Huge wage savings too.

Where it perhaps gets bumpy IMV however is what happens with the likes of Mane, Hugo Bueno, Mosquera, Rodrigo Gomes, Krejci, Fer and Bellegarde. Possibly also Angel Gomes if he does well. I think think most would want to keep these players, but they will all likely attract interest. Will we have any resolve to hold on to them if/when that happens? I wouldn’t count on it.

The club will ultimately have to bring in quite a few players I should imagine, and they will, at least notionally, have the funds to do so. I’m sure we will infact. Whether we are able to retain/bring in sufficient quality though is the million dollar question. It’s Fosun, so it would be daft to presume we will I’d say, but in fairness its not certain that we won’t either. We’ll find out if they’ve simply been talking ****e again soon enough
 
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It's all down to that " asset stripping " accusation.

It's the one thing that doesn't hold any water. No money has left the club, or company.

You can accuse Fosun of poor investment, poor judgment in it's recruitment, poor management and of failing to improve assets and increase their value, but there is absolutely no evidence that any money has been extracted, or diverted to any other entity.

If when the next set of accounts are published there is any such evidence I will be the first to say I was wrong about this, but this accusation has been made on social media, including this site, for the past 3 or 4 years and the published accounts have shown it to be completely false.

I can only assume that when people talk about "asset stripping" they are using an emotive slogan to mean something different? If not can someone point me to any evidence that anyone within, or connected to, Fosun has made any profit out of the failures that have resulted in Wolves current predicament?

Even the now disgraced and departed Mr Shi seems to have been on quite reasonable remuneration for the job he was, supposedly, doing and I doubt if the corporate structure of a multinational business like Fosun would have given him much scope for personal enrichment.

In an answer to the often raised question " where's the money gone? " I would say it's blindingly obvious. It's gone into the pockets of the Premier League, Sky TV , players agents and assorted middle men.

The only real accusation you can make against Fosun, that will stick, is perhaps they have not thrown quite as much money down the toilet of Premier League football as some others have in the last 5 years and have therefore not reaped the "rewards" that people seem to think are due.
And players pockets.
 
You can accuse Sky TV of many things but taking money, as opposed to giving ridiculous sums, to PL clubs ain't one of them!

Oh, and you talk about the amount the club spent (and over the last five years our net spend is the second lowest in the PL - actually below Sunderland who spent two of those years in L1!), while carefully ignoring how much of that money was wasted by the lying leech and his yes men.

I have zero time for apologists for incompetence or worse.
Is the £64m loan they put in 2022-23 interest free? Macquarie work very closely with Fosun in Portugal in health care, was that why they were chosen for a loan? What was the incentive to use them?
 
I haven't looked at the accounts of Sky TV, or it's associated companies, but I'd hazard a guess it is in a healthier financial position than most football clubs.
Sky make their money through advertising and selling their programmes and feeds abroad. They don't take money from football clubs.

They are the ones that pay the PL to broadcast their product. The PL do not take money from clubs either, they distribute the Sky money (and other broadcast revenues) according to the distribution model agreed to by the clubs themselves.

Much like others saying there has been asset stripping your assertion Sky and others take money from clubs is incorrect.
 
I think the riches earned from being in the premier league don’t depend on how many your ground holds.
Wrexham are not, of course, in the EPL. Their owners are not rich by Championship standards and TV Income is comparatively small at present for them. Attendances matter more in the Champ.
 
Is the £64m loan they put in 2022-23 interest free? Macquarie work very closely with Fosun in Portugal in health care, was that why they were chosen for a loan? What was the incentive to use them?
I'm only going off vague memory, but I thought the loan we took out that was secured against the stands (very odd to me, but what do I know) was in order to pay off the Macquarie loans and get a lower interest rate.
 
It’s not the worst quality. It’s just the quality of the other 19 is better. They’ve moved, we’ve stagnated
Since Covid we have failed to adequately replace or upgrade
Patricio
Moutinho
Semedo
Raul
Traore
Jota
Sarabia
Kilman
Cunha
RAN
Neto
Neves

We have also sold the likes of Dendonker and wasted plenty on inferior players .

We had a project and a vision that stopped after Covid and are in this mess because of it . To get that quality again is beyond the scope and pockets of our owners. Boat missed
Only one of that lot to disagree with us Kilman - prefer ALL of Krejci, Mosquera and Santi to him. Also haven’t replaced Coady - not as a player but as a leader.
 
We are certainly one of the worst in Premier League history if you take stock in the old saying, "The table doesn't lie".

I suppose there is an argument we would beat the 2008 Derby side because even the worst sides in the league have improved since then. OTOH, our estimation of this Wolves squad is arguably affected by the fact even mediocre players cost tens of millions of pounds these days. How much would the then Kenny Miller in his prime be worth in today's money? Easily £20m, and he would walk into our current team. Rob Earnshaw would probably be worth a shout over Hwang.
Well I'm sure we could have a long and pointless discussion about this. If we don't overhaul the Derby total then it will be a very sad comment. I do think we're unlikely to pass 20 points now, which will put us in the bottom half dozen or so I think. I'd have Miller and Earnshaw for sure, maybe Edworthy as a competent RWB, Think that's about it though.
 
It's all down to that " asset stripping " accusation.

It's the one thing that doesn't hold any water. No money has left the club, or company.

You can accuse Fosun of poor investment, poor judgment in it's recruitment, poor management and of failing to improve assets and increase their value, but there is absolutely no evidence that any money has been extracted, or diverted to any other entity.

If when the next set of accounts are published there is any such evidence I will be the first to say I was wrong about this, but this accusation has been made on social media, including this site, for the past 3 or 4 years and the published accounts have shown it to be completely false.

I can only assume that when people talk about "asset stripping" they are using an emotive slogan to mean something different? If not can someone point me to any evidence that anyone within, or connected to, Fosun has made any profit out of the failures that have resulted in Wolves current predicament?

Even the now disgraced and departed Mr Shi seems to have been on quite reasonable remuneration for the job he was, supposedly, doing and I doubt if the corporate structure of a multinational business like Fosun would have given him much scope for personal enrichment.

In an answer to the often raised question " where's the money gone? " I would say it's blindingly obvious. It's gone into the pockets of the Premier League, Sky TV , players agents and assorted middle men.

The only real accusation you can make against Fosun, that will stick, is perhaps they have not thrown quite as much money down the toilet of Premier League football as some others have in the last 5 years and have therefore not reaped the "rewards" that people seem to think are due.
Its the liquidation of assets in to cash, this is essentially the same as asset strippng - just the cash is retained in the company .Then any time WWFC can now be sold or cash extracted .
And as supporters we dont pay to see bundles of cash play football. That cash needs reinvesting wisely . That for me is infrastructure, football and property.
 
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Its the liquidation of assets in to cash, this is essentially the same as asset strippng - just the cash is retained in the company .Then any time WWFC can now be sold or cash extracted .
And as supporters we dont pay to see bundles of cash play football. That cash needs reinvesting wisely . That for me is infrastructure, football and property.
No it's not "the samething as". It's the very opposite of asset stripping.

If they do sell the company or extract the cash that's a different matter, but there is no evidence they have extracted anything and the club doesn't appear to be actively marketed for sale, despite all previous unfounded rumours and wishful thinking that has circulated on social media.

To have reinvested all of the current player trading surplus in the circumstances of a late January window and an almost certain relegation, could rightly have been judged as lacking prudence. The business done seems as good as we could expect in those circumstances.

The real test of both short term management and long-term strategy is over the next six months.
 
No it's not "the samething as". It's the very opposite of asset stripping.

If they do sell the company or extract the cash that's a different matter, but there is no evidence they have extracted anything and the club doesn't appear to be actively marketed for sale, despite all previous unfounded rumours and wishful thinking that has circulated on social media.

To have reinvested all of the current player trading surplus in the circumstances of a late January window and an almost certain relegation, could rightly have been judged as lacking prudence. The business done seems as good as we could expect in those circumstances.

The real test of both short term management and long-term strategy is over the next six months.
Time will tell . But converting assets in to cash is asset stripping. How do all asset strippers work? First by by converting assets in to cash . Whether the cash is in the WWFC bank or transferred to another companies bank account is immaterial. What I would like to see is a football structure built and a ground renovated with an eye to the next 10 years. .
 
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Massive essay that! Fosun are business people who know nothing about football and whose strategy since they screwed over Lopetegui, was to keep us in the PL on the cheap, betting on us being, at the very least, better than the three teams coming up from the Champo! That has backfired and we could all see it coming. Doesn't help that what money they did make available has not been spent well, especially last Summer. I hope our player recruitment team are working hard and building up a long list of players who can do the business in the Champo, ready to buy asap after this car crash of a season is over in time for pre-season, and not idly sitting on their hands.
 
Massive essay that! Fosun are business people who know nothing about football and whose strategy since they screwed over Lopetegui, was to keep us in the PL on the cheap, betting on us being, at the very least, better than the three teams coming up from the Champo! That has backfired and we could all see it coming. Doesn't help that what money they did make available has not been spent well, especially last Summer. I hope our player recruitment team are working hard and building up a long list of players who can do the business in the Champo, ready to buy asap after this car crash of a season is over in time for pre-season, and not idly sitting on their hands.
Great post. Do you think our recruitment team have enough quality to plan and build a well balanced squad, based on needs and not trading of individuals.
I think the classic case was Andre and Gomes . Two defensive midfielders bought as individuals to trade on but not to create balanced team.
 
One thing is clear
We have just sold well this window and bought on paper two gd deals.

However, we still don’t have a wide forward of quality (putting pressure on the summer) and this doesn’t do anything to demonstrate they are going to invest ‘whatever it takes’ to get back up.

I get what many of you are saying that we won’t know until the summer. But that’s the case with a lot of what we debate on here. So all I can go on is recent history which suggests they will under estimate what’s needed and prioritise cash in.

Time will tell, selling better is a good start. Maybe they’ll spend better. But that’s means spending around 1/2 of the near £200m sales. Given the turnover out, we’ll need to bring a high quantity in and also ensure all of these aren’t just championship specialists. Otherwise IF we go up, then what.

Well sold for Jan. jury still well out for me
 
I feel that season ticket holders should get rewarded, I'm not one gave it up last year. But the poor ****ers who've had to sit through the worst team in our history, and by god they've done well to be worse than sone of the others, deserve recognition. Take £200 off everyone's tickets I say
Totally agree. Putting the white flag up in January by not having a go by getting some players in, is a disgrace. All these sales we're getting in now should be partly used to refund the season ticket buyers. No way they should be charging what they did in the summer and be so abject we've given up by January. Obscene.
 
Totally agree. Putting the white flag up in January by not having a go by getting some players in, is a disgrace. All these sales we're getting in now should be partly used to refund the season ticket buyers. No way they should be charging what they did in the summer and be so abject we've given up by January. Obscene.
You could say Fosun have done quite nicely out of relegation and waving the white flag.
They are banking cash and even making profit on player sales.
Next year they will get parachute payments, sell valuable players and see massive salary reductions.
While we paid for ****e.
 
You could say Fosun have done quite nicely out of relegation and waving the white flag.
They are banking cash and even making profit on player sales.
Next year they will get parachute payments, sell valuable players and see massive salary reductions.
While we paid for ****e.
Wolfe, Andre and Joao will all likely be moved on for profit and I don’t think we’ll be taking any kind of FFP hit shifting Hwang and Sa either. 200k a week wages off the books right there too. Munetsi probably shunted off on loan for the season

Despite this being the platform, I think that if/when reasonably good/substantial offers for the likes of Mane, Hugo Bueno, Mosquera and Bellegarde come in, there is a very strong chance they sell. If this ends up being the case they will sign replacements, but they won’t spend anything like what they manage to bring in. Wouldn’t be shocked to see us suddenly using the loan market again either.
 
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You could say Fosun have done quite nicely out of relegation and waving the white flag.
They are banking cash and even making profit on player sales.
Next year they will get parachute payments, sell valuable players and see massive salary reductions.
While we paid for ****e.
Could be some very low attendances next season, can't see them reducing ticket prices massively, and we can't trust them to do a decent rebuild either. Getting Armstrong in seems a statement of intent, mid table championship. I doubt we'll get back into the premier League with these guys in charge, and the fans will leave in their droves until we get some ambitious new owners in.
 
Could be some very low attendances next season, can't see them reducing ticket prices massively, and we can't trust them to do a decent rebuild either. Getting Armstrong in seems a statement of intent, mid table championship. I doubt we'll get back into the premier League with these guys in charge, and the fans will leave in their droves until we get some ambitious new owners in.
Frankly l renewed my ST last summer at literally the last minute - heart over head. In hindsight that was a ****ing stupid decision. Without a massive (at least a third) cut in ticket prices l not only will not renew but l won't go at all - **** giving Fosun one penny piece more. From what l hear in the NBU I'll be far from the only one.

Oh, and to our overseas friends, don't bother commenting because you have zero say over my bank account.
 
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Could be some very low attendances next season, can't see them reducing ticket prices massively, and we can't trust them to do a decent rebuild either. Getting Armstrong in seems a statement of intent, mid table championship. I doubt we'll get back into the premier League with these guys in charge, and the fans will leave in their droves until we get some ambitious new owners in.
Until attendance numbers are very low and they are making less money, they won't substantially change course. I think this will be necessary, unfortunately. This summer was a betrayal between club and fans (specifically ST holders). Let them scramble to sell seats for individual matches.
 
It's a really perverse system selling tickets to watch a team that isnt finalised until 3 months after payment for the privilege !
It requires trust. For years that meant trusting Moxey and then Shi
 
Here's one photo from today's game that sums up Fosuns failure at the helm, and also their total contempt towards the paying, match-going supporter.
8 consecutive Premier league seasons, more than any owners who proceeded them, and yet they've still have done **** all with the ground!
Gerr'em gone!!!

(P.S. I can't take credit for the photo, as I was in it!... so happy to remove if the original owner isn't happy)
 

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We were saying the same
If these seats were a tenner ok
But they arent
They are nearly full price
Disgusting
 
Totally agree. Putting the white flag up in January by not having a go by getting some players in, is a disgrace. All these sales we're getting in now should be partly used to refund the season ticket buyers. No way they should be charging what they did in the summer and be so abject we've given up by January. Obscene
You could say Fosun have done quite nicely out of relegation and waving the white flag.
They are banking cash and even making profit on player sales.
Next year they will get parachute payments, sell valuable players and see massive salary reductions.
While we paid for ****e.

They've totally given up and expect us all to watch rubbish until the end of the season with our expensive season tickets , anyone thinking their goner spend all this money getting us promoted next season better think again, They've got cheapskate of a manager because they won't pay out for anyone decent. Their taking the #### out of us all.
 
They've totally given up and expect us all to watch rubbish until the end of the season with our expensive season tickets , anyone thinking their goner spend all this money getting us promoted next season better think again, They've got cheapskate of a manager because they won't pay out for anyone decent. Their taking the #### out of us all.
Then they'll wonder why they struggle to sell 10k STs....
 
They've totally given up and expect us all to watch rubbish until the end of the season with our expensive season tickets , anyone thinking their goner spend all this money getting us promoted next season better think again, They've got cheapskate of a manager because they won't pay out for anyone decent. Their taking the #### out of us all.
That's the reality!
 
As ever judge in August

But nett profit on the last two windows nearly £100m, with Andre Joao to go plus maybe Mane, Kreijic and others

That’s c £200m

Wonder how much of that we’ll spend ?
Shouldn’t need to be loads, but with that many players gone and no forward talent (except Armstrong), would need to be c£100m imo.

Also have to ensure IF we go up, we have to the basis of team ready.

What do I expect ?
Probably a limp over confident £60m
And we’ll find the league to be a lot more challenging than we think
 
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