17 Jan 2026 21:41:08
I have read various people, including I think Jeff, saying at least Wolves are better off than when Fosun took over.
Lets look at the facts
In the summer of 2016 when Fosun bought the club Wolves had just lost a negligible amount, circa £2m, pre player sales in the year 2015/16.
On the same basis in 2023/4, the last set of accounts available, it was £75m.
The loss in 2016 was about 7% of the turnover now it is roughly 42%
In 2016 Wolves had zero net debt - including debt to banks, other clubs and its owners.
In fact it was owed money!
Now it has a net debt of over £300m!
In 2016 the club was going nowhere fast and was a boring stable Championship side.
In 2026/7 it is quite possible that this will be beyond the reach of the club!
Is that really better?
18 Jan 2026 09:04:37
Exactly future, it gets on my nerves all this “ fosun have given us the best times” malarkey, they are also giving us right now the worst times. I was only 6 when the bhattis were around so don’t really remember that much but I’m certainly experiencing this now under fosun, just because they were great at first shouldn’t mean the have a pass with what’s going on now.
18 Jan 2026 10:33:37
Fosun have given us some of the best times. Who can forget us romping to promotion or the two 7th place finishes, the European adventure or the FA Cup run?
None of this looked possible under Steve Morgan when we were relegated to League 1.
The times are clearly not so good now and Fosun have clearly lost interest but if anyone says that Fosun have not given the fans the best time in recent history is simply lying to themselves. Or maybe they sincerely believe mid table Championship and League 1 is better than Premier League.
18 Jan 2026 11:43:31
GWIL I think The Futures point is that while we did have the best time in our recent history under Fosun the cost could be that we may not have a club to support at all if the mis-management continues into the next couple of seasons.
Future is asking if a couple of seasons as best of the rest is worth losing the club for.
18 Jan 2026 12:19:25
Good - undeniable that Fosun was excellent for 4 years up to Seville - as I said in a post on "rumours" only yesterday.
But it is not true to say that currently or in all likelihood at any time soon they will have put the club in a better place than it was when they took over from Morgan.
He never got the club to the heights Fosun did but never took them financially or quite probably in table terms as anywhere near as low as Wolves are now and are on track to achieve.
As First says it is quite possible that the club could go into admin and thus unlike under Morgan could well end up in Div 1 or worse.
£300m+ of debt is totally unsustainable outside pf the Prem and player sales will make very little debt in that whilst obviously if you can't operate in a cash positive fashion in the Prem what chance have you when turnover falls by £100m+ in the Championship?
18 Jan 2026 12:24:15
Your missing the point good, I say that fosun have given us good times no one is denying that, but just because of that they should be given leeway for the mismanagement now? No they shouldn’t, yes we were going nowhere under Morgan and moxey I agree but we also weren’t in absolutely horrendous debt which we now are, fosun have zero interest in the club hence why they have not invested in infrastructure, we will go down and still have obligations debt wise so you tell me where that money is coming from? Because it won’t be fosun that’s a sure fire fact.
I genuinely fear for the future of the club, Chinese ownership nearly bankrupted reading, Birmingham, Albion even the mighty ac Milan were in the doo doo, what makes us so different? But hey Ho don’t worry we got into Europe under them so maybe all the companies/clubs we owe money to will take that into account and write off what we owe them!
18 Jan 2026 13:19:04
I don't think the finances are as bad as people think. Yes, financially we are not in a good place but we do not have as much debt as some of the other Premier League clubs.
Jeff Shi has 100% mismanaged the club and his incompetence will cost us dear. Hopefully Guo and co have taken note and Nathan Shi can in the short term steady the ship before a proper football person comes in and drives us forward.
18 Jan 2026 13:22:54
Forest, Bournemouth, Brighton and Palace as well as the Big 6 all have higher debts than Wolves. The difference is that they all have people who in place to ensure the football side of things is still ticking over whereas we had Jeff Shi who let everything collapse.
18 Jan 2026 13:58:01
Good - first Wolves won't be a Prem league team next year and in the Champ average debt is under £70m and Wolves have over £300m.
However second I do accept that some sides will have bigger debts.
I would have assumed that was because they were much bigger teams so I was surprised at your list.
However having checked the obvious one - Brighton deemed by everyone to be a v well run club I'im not sure about your figures.
Wolves have over £300m of debt Brighton just over £200m.
Equally relevant over the last 2 years Brighton lost under £50m across the period Wolves lost £182m!
Adding Wolves much vaunted player trading profits Wolves made roughly £108m over the last 2 years. Brighton made £232m.
So relative to Brighton at least yes Wolves are in a real hole financially
18 Jan 2026 15:30:46
I just took the figures that were published by the BBC. I don't know the ins and outs of football finance.
18 Jan 2026 16:51:30
Good the problem is your saying we don’t have as much debt as other premier league clubs and that’s correct but we won’t be a premier league club next season so we will have one of if not the highest debt outside the premier league
18 Jan 2026 17:14:38
De Wolf was God. As I said. I just took the figures from the BBC. I'm no finance expert so I can't say how much debt the club will have. I do expect there to be some savings as usually when a club gets relegated, the operating costs reduce and staff are let go. Add to that, the more saleable players are sold.
18 Jan 2026 19:49:56
Well if you remember our esteemed ex chairman said that no staff member would lose their jobs due to relegation, another lie of his, so you have to ask where’s the instructions coming from? I find it difficult to believe that Jeff was given carte Blanche to just do and say what he wanted, and I personally wouldn’t believe a thing that I read on any bbc article. It’s a fact an absolute undeniable fact that we are in debt to the tune of 300 million pounds, no amount of staff redundancies ( which apparently won’t happen ?♂️) or player sales are going to come close to reducing that, if you figure Gomes, Andre, circa 70 million.
Jsl maybe 40 now where do you see the other 190 million being raised? And the efl are a lot quicker to punish clubs who fall into admin or can’t pay their debts.
18 Jan 2026 20:58:40
I honestly don't know why you're having a go at me for. I didn't print the figures. I don't know if they're true or not. I know the figures that were submitted to Companies House last year but other than that, I don't know the inner workings at the club.
I have no idea where any of the money has gone or will come from. I'm just using the figures that are publicly printed. There are posters on here who have a better understanding of finances than me who could assist.