27 Aug 2024 18:16:54
People are saying the owners don't know what they are doing but they have made £100 million in this transfer window so they are not doing too badly.
1.) 27 Aug 2024
27 Aug 2024 18:40:25
Any Prem club can make good money selling their best players, it's not rocket science!
2.) 27 Aug 2024
27 Aug 2024 18:52:20
Question is E, what are they planning to do with the money?
3.) 27 Aug 2024
27 Aug 2024 19:02:45
Fosun know what they're doing, they just don't want to tell us, and I think that's because it dosnt concern our football .
4.) 27 Aug 2024
27 Aug 2024 19:54:58
£94m - £25m = £69m
5.) 27 Aug 2024
27 Aug 2024 20:51:51
578 million pounds liabilities less 69 million pounds = 509 million pounds Wandering Star.
6.) 27 Aug 2024
27 Aug 2024 21:11:28
PeteD, what are you on about. E was talking about the playing squad. I don't know about the full financial status of the club.
7.) 27 Aug 2024
27 Aug 2024 22:00:10
Personally, I'm more interested in the football on the pitch and find football fans talking about 'good business' just a bit irritating. Some people believe that if a club raises £100M by selling their best players that they will spend all of that money on new players.
They sell those players because they need a chunk of that £100M elsewhere in the club, like avoiding PSR, due to excessive expenditure. So its not 'good business' its just survival.
8.) 28 Aug 2024
28 Aug 2024 07:29:24
You don’t get to be a billionaire if you don’t know what you are doing.
Don’t see many billionaires posting on here.
Guo knows what he is doing and he will be fine.
9.) 28 Aug 2024
28 Aug 2024 09:15:12
Sorry Wandering Star. I have become obsessed with the finances since their last published accounts. Go to Companies House Web site and check it out but have a clean pair of pants ready. They have a negative company value so on paper are worthless. Unless someone puts huge money in they must be planning on keeping money back from transfers to reduce liabilities and interest. That's what I think for what it's worth.
10.) 28 Aug 2024
28 Aug 2024 09:29:42
E - Thomas Cook!
Also whilst Einstein spoke 4 languages and was quite good at Physics he couldn't speak Greek ( or indeed any of the other hundreds of languages in the world) so the arguement that if you are good at one thing you are good at everything is a pretty poor one
I strongly suspect that Guo has v limited knowledge/cares about the small football, (whatever that is), business his company has invested in and which to date has apparently been doing ok
11.) 28 Aug 2024
28 Aug 2024 10:03:02
Some might disagree E mistakes have been made and a fair bit of money wasted, which can happen in the money pit that is football at this level. What remains a mystery to me is why Wolves don't seem to able to increase their income streams significantly.
Why no investment in increasing stadium capacity or sponsorship incomes? these are bedrock to these types of businesses. Concentrating on buying good players with potential is fine but if selling them is all you've got to rely on for growth/returns then the consequences are what we're seeing now.
12.) 28 Aug 2024
28 Aug 2024 10:03:17
TFIOG you are indeed correct.
Unfortunately we are the ones who know all about football but Guo is the one making money out of our club.
He’s just made £100 M while the fans are arguing amongst ourselves so he will come out of it all ok!
13.) 28 Aug 2024
28 Aug 2024 10:12:31
EFrom Wombourne he has not just made 100 million pounds. Cash in isn't the same as profit. It is a balance sheet item.
14.) 28 Aug 2024
28 Aug 2024 10:21:57
E - he hasn't made £100m Wolves have but since they lose that every year in on going business it only goes to eliminate this year's losses.
In fact given the amount Fosun/he have/has put in (puchase price plus loans converted into Equity) it is now higly unlikely that he will even get his money back and if we are relegated he is looking at a very large loss.
So no he will not come out of it ok!
Pete D - don't worry about the negative net worth it really has very little to do with the value of the company.
Check out the major companies on the footsie and you will see there are vast differences between their TNW and their market cap.
The valuation of companies is a complex and multi faceted issue not suitable for this site but your underlying point is correct. The accounts are a mess and we are indeed a very badly run club!
15.) 28 Aug 2024
28 Aug 2024 10:27:51
Also E from Wombourne take purchase of wolves add money spent then look at negative net worth, Guo has overseen financial disaster for Fosun and there is nothing there for him to take out. The future of Wolves may be decided by disgruntled Fosun shareholders.