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Shi Interview

Discussion in 'Molineux Mix' started by Bill McCai, Jan 13, 2019.

  1. Bill McCai

    Bill McCai Just doesn't shut up

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    In the Times today, article by J Northcroft with Jeff Shi.

    • Wants to be the best
    • Wont be spending like City, believes Tottenham are the benchmark
    • Think Daniel Levy is best CEO in division
    • Also names Red Bull Leipzig as a club who is impacting his knowledge
    • Fosun open to selling a minorty stake in the future
    • Middle East Airlines and unnamed Investment Bank possible investors ( not named by Shi, but Northcroft )
    • Molineux ( or elsewhere ) rebuld may not start at the end of the season, but would like the plan in place by then
     
  2. Jonzy54

    Jonzy54 Just doesn't shut up

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  3. wolvesaywe

    wolvesaywe Has a lot to say

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    Thanks very much for this. Saw there was an interview in the Times but they have their bloody paywall!
     
  4. Thank you Sir Jack

    Thank you Sir Jack Just doesn't shut up

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    Can anyone please enlighten me about the Red Bull Leipzig reference? What is it that they do?
     
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  5. Ginger Chimp

    Ginger Chimp Just doesn't shut up

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    I believe RB Leipzig are almost universally hated in German football circles for the way they’ve gone about things (according to some of my German colleagues).
     
  6. Thank you Sir Jack

    Thank you Sir Jack Just doesn't shut up

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    Fosun come across as canny people.
     
  7. Bill McCai

    Bill McCai Just doesn't shut up

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    I guess RB have been a bit savvy in the way they have become a contender. Spurs are also challenging, despite spending far less than some of the teams around them. I guess Wolves want to box clever.

    The article also states we have a net transfer spend of £110m since Fosun arrived.
     
  8. andyc225

    andyc225 Just doesn't shut up

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    It's a pity the article is behind a paywall.
     
  9. Jonzy54

    Jonzy54 Just doesn't shut up

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    The way they have gatecrashed the party and pushed out of joint the noses of some of the big guns and they don’t like it.
     
  10. oldgoldheart

    oldgoldheart Just doesn't shut up

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    RB are viewed as a pastic club. Languishing in a lower division they are genuine top 3 in germany now and the old westbgerman clubs dont like the east german upstarts who bought their way in

    Interesting comments about the ground. Decisions made at the end of the season but no building starting
     
  11. Thank you Sir Jack

    Thank you Sir Jack Just doesn't shut up

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    I think that nasal displacement will do just fine for me.
     
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  12. andyc225

    andyc225 Just doesn't shut up

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    I think that the RB Leipzig thing has to do with the fact that (albeit through promotion and so on), they've driven up attendances from an average of one man and his dog 10 years ago to 40k or so today. They've built up a talented squad through developing players.

    The comment about selling a stake in the future is interesting too. Didn't the Sheikhs sell part of Citeh to some Chinese investors too?
     
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  13. StefanWolves

    StefanWolves Just doesn't shut up

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    I was so wrong about Jeff during Fosun's first season. For which i have already apologised.

    What a guy. Cant disagree with a single thing he says. However his big test will be fans reactions to player sales/ IF Nuno leaves at some point. As is the Mendes carousel.
     
  14. StefanWolves

    StefanWolves Just doesn't shut up

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    Purchasing the best young talent, finished in Europe last season didnt they?
     
  15. StefanWolves

    StefanWolves Just doesn't shut up

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    Yep. There were rumours of a Chinese (or THE Chinese bank) being a sponsor, wasn't there?......
     
  16. WednesburyWolf

    WednesburyWolf Has a lot to say

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    In order to do the Tottenham model you need the right manager. So as long as Nuno stays we are on track.
     
  17. WV9_Wolf

    WV9_Wolf Senior Member

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    Hope that typo left out an 'L' after the p, rather than an 'S' before it......
     
  18. clivewolves

    clivewolves Senior Member

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    I always thought we would aim to be like Spurs rather than a Man City or Chelsea.

    If you would like a bit more understanding as to why RB Leipzig is disliked in Germany, Tifo Football produced a video a couple of years ago explaining why.


    While it might be against the spirit of how football clubs are owned and run in Germany, the progress they have made in such a short amount of time is pretty amazing.
     
    Last edited: Jan 13, 2019
  19. wolvesaywe

    wolvesaywe Has a lot to say

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    Agree with everyone that we are very lucky to have our current custodians. They brought vast commercial expertise but have quickly learnt and adapted it to the unique requirements and confines of building a successful football club.

    You only have to look at the clubs in the Birmingham postcodes to see what might have been.
     
  20. WickedWolfie

    WickedWolfie Just doesn't shut up

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    Interesting, thank you.

    They (RedBull) looked at the DFB rules and complied with the letter (which is important) but not the spirit. While fans might howl there is little that the football authorities can do. They know that they would lose in Court and might well be worried that the 50+1 rule might itself be at risk in any legal challenge. I suspect that where RedBull went others, given their success, might be tempted to follow.
    There are many who would say that WRT transfers Fosun at Wolves have done something very similar ie complied with the letter not the spirit of the rules.
     
  21. hristisenas

    hristisenas Senior Member

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    This figure of 110 million surprises me. I'm not saying it's wrong but I didn't think it was that high. Can anybody enlighten us?
     
  22. WickedWolfie

    WickedWolfie Just doesn't shut up

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    It's hard to when so many transfers are undisclosed. If l had to guess there might have been additional payments based on promotion and/or international appearances in some/all of the deals.

    Certainly, given the dross the old regime left, there has been precious little transfer income.
     
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  23. AlexWolvesHD

    AlexWolvesHD Has a lot to say

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    I always expected it would be a case of we brought good young players tried to develop them further to world beaters then selling a couple of them for big money to allow us to buy the next generation to do the same thing again but it also improves the team to allow us to compete at the top without spending ridiculous amounts on players, very much like what Monaco had been doing for a few years now.

    I do wonder what Fosun will consider their max limit they are willing to spend on one player as so far it’s £20mil that might increase to £30mil over next few years for certain players but don’t think will we ever pay more than that, it’s also why I think Jimenez signing for £35mil won’t happen.
     
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  24. JonahWolf

    JonahWolf Senior Member

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    I signed up to the couple of free articles per week awhile ago just to pick off odd Wolves stories.

    Bill McCai has picked out everything of note, honest. Looks like a rehash of the last interview with him, maybe in E&S?
    Only new bit is potential minority investor, timescale on ground decision, and admiration of Leipzig.
     
  25. Bill McCai

    Bill McCai Just doesn't shut up

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    Since Fosun arrived we have signed ( permanent ) - with very rough esitmates

    Lonergan 0
    Gladon 1m
    Oniangue 2m
    Bod - 1.5m
    Saiss - 3m
    Cav - 7m
    Costa - 13m
    Marshall - 1
    Ruddy - free
    Bennett - free
    Ofosu - 0.5m
    Douglas - 1m
    Mir - 2m
    Miranda - 2.5m
    Neves - 15m
    Afobe - 10m
    Vinagre - 2m
    Bonatini - 5m
    Jota - 12m
    Boly - 12m
    Moutinho - 5m
    Patricio - 16m
    Dendonker - 12m
    Traore - 18m

    I think that is around £155m spent on players.

    We've sold

    Byrne - 0.5m
    VLP - 1m
    McDonald - 2m
    Saville - 0.75m
    Evans - 0.75m
    Wallace - 0.75m
    Edwards - 1.5m
    Dicko - 4m
    Price - 1.5m
    Bod - 3m
    Nazon - 0.5m
    Oniangue - 1m
    Douglas - 3m
    Marshall - 1m
    Afobe - 12.5m

    Something like £35m incoming, which would mean a net spend of £120m - it doesnt sound too far out.
     
  26. JOSWolf

    JOSWolf Just doesn't shut up

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    Like the idea of trying to sign some of the best young talent if we can.
     
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  27. Monketron

    Monketron Senior Member

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    A little disappointed that the ground improvements won't start this summer, but glad to see it's still very much the plan.
     
  28. WickedWolfie

    WickedWolfie Just doesn't shut up

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    Good work, thank you. Would any loan fees be included in transfer spend?
     
  29. northnorfolkwolf

    northnorfolkwolf Just doesn't shut up

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    Not that long ago Swansea, Stoke and Soton were the benchmark clubs - how things move on and up!!!!!
     
  30. Monketron

    Monketron Senior Member

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    Yep, it's the only way a club can progress, if it doesn't have an entire country or bored billionaire financing it. The only issue is the competition for those players, so many clubs now have the same idea, hopefully the Mendes connection gives us a leg up on other clubs.
     
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  31. StefanWolves

    StefanWolves Just doesn't shut up

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    And thats without loan fees. Pretty sure we'd be closer to £150m. I think some of the reported fees will in reality be lower due to clauses, early sales etc which will bring it closer to Shi's figure.
     
  32. StefanWolves

    StefanWolves Just doesn't shut up

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    Not the priority at all. We need to consolidate this season. Next season a lot of player trading will happen IMO. Get to the next step. Stay up again. Then invest in the ground.

    Makes sense to me. As long as we see the concrete plans this season i'll be happy.
     
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  33. WickedWolfie

    WickedWolfie Just doesn't shut up

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    I rather hope that the plans are CAD on a computer or on paper... Concrete plans doesn't sound very high tech lol
     
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  34. StefanWolves

    StefanWolves Just doesn't shut up

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    Haha
     
  35. Big Nosed Wolf

    Big Nosed Wolf Just doesn't shut up

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    Well the best minority shareholding Fosun could incorporate is a fan share issue. That would be a legacy to equal anything they leave on the playing side.
     
  36. WickedWolfie

    WickedWolfie Just doesn't shut up

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    Glad that you liked it. See that we had similar thoughts about loan fees which were likely quite substantial.
     
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  37. jwolfie91

    jwolfie91 Groupie

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    Yep, that all makes sense. Invest in youth, try to sell one or two for big money every few years and reinvest that into squad/team. Selling minority stake one day also seems logical, good way to cash out whilst still retaining the valuable asset.

    Not wanting to spend like City is totally realistic - their owners investment is north of £1.5 billion i believe.
     
  38. hristisenas

    hristisenas Senior Member

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    Thanks Bill McCai for that response. Enlightening.
     
  39. StefanWolves

    StefanWolves Just doesn't shut up

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    Substantial but preferential given our relationship with agents/ other clubs. Transfer fees definitely overstated slightly due to player sales/ never actually paying the full fee due to performance clauses
     
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  40. ShropshireLad

    ShropshireLad Just doesn't shut up

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    It's a good interview. Jeff's comments are measured and sensible. He discusses the club's ambition without being provocative and he provides circumspect reasons for his thoughts about things that could be controversial but he doesn't allow them to be.

    My one concern is that the possibility of moving our ground to a new site hasn't been put to bed.

    However, the club is in a safe pair of hands...as they say. Fosun are with us for the long term[/QUOTE]
     
    Last edited: Jan 13, 2019
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