YouGottaRaulWithIt
Just doesn't shut up
- Joined
- Feb 24, 2020
- Messages
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Sarcasm?You two are absolutely hilarious, have you thought about stand up comedy?
Sarcasm?You two are absolutely hilarious, have you thought about stand up comedy?
So changing debt into equity doesn't mean that money isn't going to be recouped by Fosun. All it means is that they will no longer invest in Wolves.Yes, and that's basically the same thing, unless you particularly care about how much that US Media company's stake in Wolves is.
So £1.6Bn debt isn't a problem then. Great. Convinced me.
Could you tell my wife that taking a small overdraft to go watch Wolves pre-season tour is a worthwhile investment as well please.
So £1.6Bn debt isn't a problem then. Great. Convinced me.
Could you tell my wife that taking a small overdraft to go watch Wolves pre-season tour is a worthwhile investment as well please.
Its times like this where you really need the "come here as we qualified for European Football" carrot to dangle. The capitulation last year really was unforgiveable and will hurt us in the transfer market for the better players who have options.
Absolutely correct that Wolves are financially sound, it is just a false narrative to not give the full and true picture of what a debt write off (aka conversion to equity) entails that from a business perspective it is a plus, from the view of a football club and that side, it is a negative, because the tap is off.Just want to remind you fosun did write of all of the debt from wolves to them.
Just like Roman Abramovich, Fosun have written off Wolves debt owed to them
Roman Abramovich's willingness to write off Chelsea's debt to him in the sale of the club has caught the eye.www.molineux.news
Wolves as a club is in a very sound position
What he says.Definitely a debt write off. It improved the equity of the company by the boost to the profit and loss account (shown as exceptional income in the P&L on Pg 18 of the accounts. Note 11 confirms it as debt write-off.)
https://find-and-update.company-inf...g5MmFkaXF6a2N4/document?format=pdf&download=0
Franchise us to a leafy outskirt of London?Tough business, recruitment.
I often wonder why we can’t uncover the players that reach {insert big European club} and then go on to sell for 4/5x, but even then we’re competing with Benfica, Milan and the likes of..
We’ve got to try and do something different to attract these players to Wolves.
There’s got to be something beyond just training in the midlands for a middle of the road Premier League club and then travelling to games.
There are some lovely parts to live, but in comparison to London, or major European cities, we can’t compete with the lifestyle. We just can’t.
Time to do something radical.
You two are absolutely hilarious, have you thought about stand up comedy?
Does anyone think she actually knows she "owns" Grasshoppers?It's Mrs Guanchang ay it.She's the boss.
Absolutely correct that Wolves are financially sound, it is just a false narrative to not give the full and true picture of what a debt write off (aka conversion to equity) entails that from a business perspective it is a plus, from the view of a football club and that side, it is a negative, because the tap is off.
Like the idea of training in London.Move Molineux to London?
Just want to remind you fosun did write of all of the debt from wolves to them.
Just like Roman Abramovich, Fosun have written off Wolves debt owed to them
Roman Abramovich's willingness to write off Chelsea's debt to him in the sale of the club has caught the eye.www.molineux.news
Wolves as a club is in a very sound position
London WolfcatsFranchise us to a leafy outskirt of London?
Yes, but seriously, when are you going to have a word with my wife about the tour?Just want to remind you the current UK Debt
UK general government gross debt was £2,382.8 billion at the end of 2021, equivalent to 102.8% of gross domestic product (GDP); this was .
Fosun's debt to equity ratio is running at something like 1.7
Apple - 0.3
Microsoft about 0.4
Mercedes benz 1.4
Ford Motor company 5.4
Just to give you context, im a financial advisor by trade, i wouldnt be to worried about the running debt - share price dropping off 50% in the last 5 years is alongside the poor Chinese equity market.
This all of it isnt going to affect wolves
I would stake my pitiful reputation (!) On the line that we were never interested in him. Very unWolves player....thankfully.I know it isn't the best source but football insider saying Minamino rejected a move to us.
I mean it is far more prestigious to play for River than it is to play for a mid table Prem team, just nowhere near as lucrative - which is the crux of the issueJust a potential, but of course Argentine journalists would make out that River and playing in the Copa Libertadores are more prestigious than a move to England, but in reality we all know the truth.
Ill be round laterYes, but seriously, when are you going to have a word with my wife about the tour?
I'd wager that she thought she was buying a small Swiss Zoo.Does anyone think she actually knows she "owns" Grasshoppers?
So changing debt into equity doesn't mean that money isn't going to be recouped by Fosun. All it means is that they will no longer invest in Wolves.
That may be true but that is not a result of a debt for equity swap. They could easily lend more money to wolves. Depends on their view of the likely return i guess. Its not a sign of fosun losing interest. It makes wolves a bit more stable as they cant just ask for the money back and bankrupt wolves. For us as fans it should be a big positive. Any lender can call a loan in. Once it is equity it is harder to withdrawSo changing debt into equity doesn't mean that money isn't going to be recouped by Fosun. All it means is that they will no longer invest in Wolves.
You aren't going to take out another debt with Fosun having previously 'written off' the last one, tax wise it isn't advisable but also it logically makes very little sense.Just because the debt is written off at that time, doesnt mean they wont turn the tap back on?
I mean it makes sense to write it off in 2021 given covid, in terms or accounting numbers.
I know it isn't the best source but football insider saying Minamino rejected a move to us.
Not sure that computes!So changing debt into equity doesn't mean that money isn't going to be recouped by Fosun. All it means is that they will no longer invest in Wolves.
So fosun having wrote off debt, as you correctly said, will once again open debt with Wolves in the same vein likely devaluing their equity that they've just created. Not to mention the tax ramifications. Its would be highly suspect business practice to go that route.I don't not understand how you haven't used so many double negatives.
Writing off the debt does not mean they won't invest in us, that's a completely separate decision.
Yeah, they've given their investment to us the club will be expected to stand on it's own two feet now. It is what it isSo fosun having wrote off debt, as you correctly said, will once again open debt with Wolves in the same vein likely devaluing their equity that they've just created. Not to mention the tax ramifications. Its would be highly suspect business practice to go that route.
Now what they might do is getting better terms of credit from other outside lenders, that's true, but fosun themselves reinvesting again would be going totally against everything they've stated about wolves self sustaining.
Invest purely as a direct 1 to 1 loan from Fosun to Wolves, I can't see that ever happening again, doesn't make sense, but getting better lines of credit with a lender to fund a transfer for sure does seem an option but as you noted, it will all be with one eye on getting a return from saddling the club with that further debt.Not sure that computes!
It's probably true as a statement, but it doesn't bear correlation to the above statement.
Wolves are a player trading operation for Fosun. They've said it themselves. Nothing wrong with that - I'm happy to be a PL player trading operation instead of a ****ty Championship club.
It means every transfer is arranged with ROI very much at the forefront. Provided we get the right players in, excellent. South American market makes a great deal of sense to me, accordingly. We just have to convince the players I guess
I mentioned elsewhere that Bruno is fortunate the decision makers are no longer as ambitious for top 6/regular European football as they once were. The way we dropped off was shocking but a combination of poor first XI investment and injuries saved his job. And they couldn’t really sack him when they effectively ignored his pleas for new players.Its times like this where you really need the "come here as we qualified for European Football" carrot to dangle. The capitulation last year really was unforgiveable and will hurt us in the transfer market for the better players who have options.
I am not saying settle for meh players but you were talking in certainty. I was merely making a point. You cannot predict how well a player will settle and perform at a new club. If we buy him now and let him stay he may get a serious injury. A lot of if's, but's and risk.The £17m for him this window is going to be the same £17m in January.
If that's the case might as well sign Jack Cork and settle for meh players
OK, so can you explain why countries can run such massive debts and not be 'broke'? I often hear about the line where we shouldn't compare nation state debt to household budgeting, but I've never really understood it.Just want to remind you the current UK Debt
UK general government gross debt was £2,382.8 billion at the end of 2021, equivalent to 102.8% of gross domestic product (GDP); this was .
Fosun's debt to equity ratio is running at something like 1.7
Apple - 0.3
Microsoft about 0.4
Mercedes benz 1.4
Ford Motor company 5.4
Just to give you context, im a financial advisor by trade, i wouldnt be to worried about the running debt - share price dropping off 50% in the last 5 years is alongside the poor Chinese equity market.
This all of it isnt going to affect wolves
Me neither. If we assume that there will be a new Newcastle every few years, the premier league is going to be only suitable for the richer billionaires at some point. Ludicrous!Invest purely as a direct 1 to 1 loan from Fosun to Wolves, I can't see that ever happening again, doesn't make sense, but getting better lines of credit with a lender to fund a transfer for sure does seem an option but as you noted, it will all be with one eye on getting a return from saddling the club with that further debt.
I'd say it has left Wolves in a bit of a limbo, a club that is content to tred water, I am not overly convinced in the money grab world that is top flight football that this is something that works longer term.
Truth and there does get a point where the fans inevitably do tire of knowing that they're never really going anywhere (Portsmouth, Blackburn, Bolton, Charlton etc etc) and what we have seen in recent examples of Everton, Villa and the best to keep an eye on, Southampton.Me neither. If we assume that there will be a new Newcastle every few years, the premier league is going to be only suitable for the richer billionaires at some point. Ludicrous!
Good, don't want him at all
So,just to clarify...So fosun having wrote off debt, as you correctly said, will once again open debt with Wolves in the same vein likely devaluing their equity that they've just created. Not to mention the tax ramifications. Its would be highly suspect business practice to go that route.
Now what they might do is getting better terms of credit from other outside lenders, that's true, but fosun themselves reinvesting again would be going totally against everything they've stated about wolves self sustaining.
Share price dropping 50% over 5 years is alongside poor Chinese equity market?Just want to remind you the current UK Debt
UK general government gross debt was £2,382.8 billion at the end of 2021, equivalent to 102.8% of gross domestic product (GDP); this was .
Fosun's debt to equity ratio is running at something like 1.7
Apple - 0.3
Microsoft about 0.4
Mercedes benz 1.4
Ford Motor company 5.4
Just to give you context, im a financial advisor by trade, i wouldnt be to worried about the running debt - share price dropping off 50% in the last 5 years is alongside the poor Chinese equity market.
This all of it isnt going to affect wolves
As long as you can service debt, you are never broke in relation to it. Could owe £1500 quid and be broke, or owe roughly $300M in debt and be Apple.OK, so can you explain why countries can run such massive debts and not be 'broke'? I often hear about the line where we shouldn't compare nation state debt to household budgeting, but I've never really understood it.
Not really on topic, but think I would like to learn (read The Economist every week, but this is never really explained in there).
Thanks.