21 Jul 2026 20:19:22
Does anyone know in the 10 years Fosun have owned us the total money spent and brought in? Will be interesting to see, please.
22 Jul 2026 08:56:05
From Transfermarkt figures in EUR, since the summer of 2016, the club have spent EUR962.1m on incoming players and have sold players to a total of EUR748.3m.
Total loss on players over the 10 seasons is EUR214m.
22 Jul 2026 11:15:42
Nice1, good thanks for that... So, Fosun have spent money on us all, be it borrowed or loaned against the ground, etc.... The problem lies with how we spent it on rubbish, it seems to me.
22 Jul 2026 14:16:41
Note, whatever way it was spent, Euro 21m pa is a ludicrously low sum.
Imagine you are attempting to improve/extend your house, whilst, of course, maintaining it.
However, your income is seemingly nowhere near enough to do this, so the vast majority of your expenditure does not come from your income, but from selling off the fixtures and fittings from your house and strips of land from the garden.
In other words, the net expenditure is not even enough to maintain the house, let alone improve it.
Back to football, the squad inexorably gets older (and contracts run out), so you have to spend just to stand still.
The amount the accountants use for that is called depreciation.
Think of your car; you buy it for, say, 20k, and intend to run it into the ground and scrap it for, as good as, damn it, nothing, and then buy another car. An accountant would recognise that the car is worth less each year and would "charge" the difference called "depreciation".
In theory, you move that cash to one side, as if it was a real charge that had to be paid, and, at the end of the period, when the car is deemed to be worth nothing, you should have 20k put aside.
Theoretically, enough to buy another car - except, of course, for inflation!
Wolves have not been spending net anywhere near even the basic depreciation figure, which last year was circa 80m annualised, and this is despite the fact that the football depreciation figure is far too low anyway, as it only charges against the players acquired and charges nothing for home-grown players or players on second contracts.
Consequently, far from improving the squad/house, Wolves have basically gutted it, and it is now a wreck, unfit for habitation/Premier League football!