Okay, so let’s say it doesn’t work and we don’t gain anything from it, as long as it hasn’t cost the club money what’s the issue?
I can see where you are coming from.
Exactly.
Agreed. I stopped believing him moments after the Kenny Jackett fiasco - so about day 3 I think. I thought the interview was a total car crash for Jeff. I understood what he was getting at with what is ultimately a strategic plan to IPO Wolves based on a growth story over and above a sole dependency on TV broadcasting rights, but the way in which he delivered that message, in such a garbled and muddled way, was astonishingly poor, and with apparently little regard for the loyal fans who were here long before Fosun came along and will still be here long after Fosun has moved on. Fosun may not consider the ‘legacy fans’ as sufficient for the growth necessary to allow the ceiling to be raised for Wolves to compete with the top 6, and I understand the economics of the argument, but those legacy fans represent, along with the city, the old gold and black and the history of the football club, the very heart of what is Wolves in the eyes of the football community. Perhaps that simply doesn’t matter commercially going forward, but as custodians of the club I personally believe the owners, whoever they are, have a duty to retain and respect that legacy - and not dismiss it as being of ever-decreasing relevance to the ‘brand’. All of the things that Fosun disregarded as not enough is what I value most about Wolves. Again - perhaps that is simply not important enough to Fosun given their sole focus on the economics - but it matters an awful lot to me and for that reason I despised everything I heard in that interview.
Great post, expressed my opinion far better than I could.
Let’s hope then that we stay up next season because he won’t sell shares in the chump
Ok then. Stop having any aspirations of moving forward, then the club can embrace just the local fans. We can play Walsall twice a year, maybe if we are lucky the ****.
This is spot on, it is quite shocking to be honest that he would say some of these things.
Like Wolves do you mean? Take a look how much AC Milan generate in revenue and get back to me.
Genuinely unsure of your point.
They can spend wisely, but they have to abide by FFP too. When you generate more revenue you can spend more. Don't shoot the messenger, just blame UEFA and the big leagues for making it doubly hard for clubs outside the big teams.
Brother, you're so far in denial that you've reached Sudan.
Nope, i actually watched all the videos and listened to what they had to say without any agenda to take out of it. Just the actual things they said.
As I said in my post, I fully understand and appreciate the challenges and understand the strategic approach that Jeff stumbled though. My point is the haphazard way in which he conveyed the message, and through that the dismissive attitude to what is at the very heart of Wolves. He could have easily communicated the growth strategy AND showed appropriate recognition and respect for the Wolves legacy. From what I could see he elected not to bother. As I said, in my view Fosun should see themselves in part as custodians of Wolves and through that see that they have a duty of responsibility for an illustrious part of the fabric of English football. They can do that and have a commercial growth strategy. It is not difficult to convey that if you believe it. Hey ho - it is clearly not a core part of the strategic thinking going forward as it doesn’t cut it in China or the US - so Jeff don’t let your employees speak about the importance of the fans etc etc and the difference they make - it all comes across as inconsistent and disingenuous.
Precisely - but that does leave less to moan about Chris.
Yep - that was pretty much my take on it too. I listened to what he had to say and didn’t feel offended (as a long term fan). It gave me the feeling that Fosun are in this for the long run.
You must have been listening to an alternative universe ask wolves video. He didn't disrespect Wolves legacy at all. I guess if you want to add 2 and 2 and make 10 you can construe anything he said into anything you wanted him to say, or not to say.
Care to itemise the £300m, my understanding is a purchase price of £30/35m plus converting a loan of £120m into equity?
I think you need to read what I wrote.
I did, word for word. He did bother, which is why i replied the way i did.
Don't need to really on the former. All the players they have bought, the wages they have paid, the staff they have paid, including paying everyone during covid. There's a chunk right there.
It depends what you mean by gambling on short term bets. If you mean we should buy experienced players, we probably should as we need to replace experienced players e.g. possibly Neves and Moutinho. If you mean spending in January windows to make the push for Europe; we've had 2 seasons where we've had the chance to get into Europe but ****** it up. Spending there most certainly would have helped us. I don't think it's so much of a gamble anymore.
Spot on. I actually think Fosun may spend big if the opportunity arises, but like always it will be with a view to achieving group goals or mitigating group risk. That's who we are now.
AC Milan commercial revenue in 2021 69 million euros.
Oh dear. You make missing the point an art form. No wonder you are such a Shi fan.
I can agree on that´s it "worth a punt".
I really can´t see that happening without us being at least fairly successful on the pitch.
The irony on the former, and i'm not a fan, i just don't twist words to make an agenda up.
