Sussex Wolf
Just doesn't shut up
- Joined
- Jan 31, 2012
- Messages
- 24,290
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If Wolves are not for sale then the current value is immaterial, ( unless you wanted to leverage it).
Apart from the big 6 clubs, if a club is 7th or 16th, then the value won’t change much, if at all, ( tv bonuses aside).
A potential buyer would look at how stable a club is and therefore continue to share tv rights.
Think for a highly leveraged investment company like Fosun, the value of all their assets is usually paramount. However, despite some improvements in the picture, what is even more pressing now is having sufficient cash to service their debts. So pumping cash into Wolves to cover a shortfall is highly undesirable, and possibly infeasible. In that context, forcing Wolves to operate entirely within its own cash flow and borrowing, while preserving PL status, to protect the asset value, makes sense. That’s what we’ve seen this year, and why FFP was not the whole story.