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01 Apr 2026 11:21:15
Assume everyone has seen the "headline" financial statement information released by the club yesterday.
It tragically explains completely why Wolves decided to "align" their financial year-end from May to June.
An alignment that conveniently allowed the rushed and dreadfully executed transfers of Cunha and Ran to be included in the accounts for the new period.
The underlying, ongoing, before one off transfer, loss made by the club has exploded from just under £80m in the period to May 2024, to a mind blowing £132m in the new period.
Obviously, as it is a 13 month period not a 12 month one some adjustments need to be taken into account but however you cut it turnover is down and costs, (wages), are massively up.
There is also a fairly chunky write down of the value of "a" or several players, (still in the squad), acknowledging the over payment in the transfer market.
These are truly dreadful accounts and do nothing to assuage concerns regarding the prospects of the club.
1.) 01 Apr 2026 14:55:55
Turnover will be down by an est £150million next season.
2.) 01 Apr 2026 15:25:20
These figures are absolutely awful as the club has posted a loss even though they've sold Cunha, Ait, Kilman and Neto.
3.) 01 Apr 2026 15:59:01
Years of mismanagement and a lack of development have led us to this, but it could potentially get worse.
Fosun's group revenue is also down by £2Bn, so will this ensure our future in the lower leagues, as the chances of them spending on the club are surely diminished.
4.) 01 Apr 2026 16:32:34
Great analysis as always, TFG. Anyone seen the Prems' recently released list of agents' fees? We are 7th on the list, just think about that for a second, 7th! For a team that's managed just 17 points all season, how is that even possible when we are buying unproven players from unproven leagues?! For context, here the only teams above us are last season's top four, plus United and Villa. Now let's take a look at the league: can any fan genuinely tell me that we've been even in the same league for signing the calibre of players those around us have?! Sorry, but poor mismanagement from Fosun! I bet each agent pretty much doubled their demands the moment Jeff walked through the bloody door! Some of us have been saying it for years, but the level of mismanagement at our beloved club is genuinely horrific! Makes me very angry, to be honest.
?
5.) 01 Apr 2026 21:33:16
I just hope the removal of Jeff Shi and his incompetence can repair the damage he's caused over the last few years.
04 Feb 2026 15:07:27
Good note.
Both of your two main threads are bang on.
Recruitment has been beyond abysmal - so so many very obviously poor players bought for substantial sums and put on large contracts - whilst the selling has been worse!
Additionally the total failure to develop income streams and control costs has been scandalous.
Sadly Jeff has not had his eye on the ball!
However whilst I love your optimism I don't think the club is going to spend money on the ground when it's far from full which it will be in the Championship, if they didn't when it 'was sold out.
in the Premiership
Indeed now I would argue that every penny that can be spared should be spent on the team to get the club back to the Prem or at least stabilise it in the Championship.
1.) 06 Feb 2026 18:17:46
Now's the time to enlarge the one stand by 10, 000. It would show confidence in their plan and not affect revenue as much while in the Championship, if we are there next season.
Might have a few seasons to improve the other stands, too. Nothing is for certain.
28 Jan 2026 17:39:06
{Ed's Note - thefutureisoldgold3 has posted a new article entitled, Planning for the Championship: Wolves' Financial Rebuild
20 Jan 2026 07:39:09
{Ed's Note - thefutureisoldgold3 has posted a new article entitled, Wolverhampton Wanderers Player Ratings v Newcastle United
19 Jan 2026 14:17:16
thefutureisoldgold3 has written an article entitled, Wolverhampton Wanderers Player Ratings v Newcastle United
1.) 20 Jan 2026 09:45:56
Excellent and fair report Future.
I did notice Mane playing more defensive between defenders and midfielders on many occasions so to be fair to him he may have been told to do so.
For me attack is the best defence which may have edged a game that was evenly spread.
2.) 20 Jan 2026 12:11:16
Can't argue with anything there Tfig, and I agree Bos, mane didn't really get going frontwards until the second when, like rodrigo, he was going to be taken out everythime he turned or ran.
Hwang was certainly angry at coming off, maybe he was in the window being watched?
Gomez wasn't best pleased at his subbing either.
I suppose RE may have had damage limitation in mind given our position but we could have nicked it with abit more speed and confidence.
Larsen isn't in it now, let him go for what we can get, I'm sure he'll flourish somewhere when his hearts in it, sadly its not old gold.
We're going down and it's only right RE uses the games now to learn the lads true strengths and also identify what and where we need to be looking for next season.
Unbeaten in 2026, a nice little cup run maybe and some performances to hold our interest I hope.
thefutureisoldgold3's rumour replies
26 Mar 2026 15:17:30
Madman
Your thesis, that Fosun are and have been supportive/neutral at worst during the last few years and that the current state of affairs is consequently simply a series of events beyond their control/influence is not an uncommon one amongst Wolves supporters.
It is also the default response from non Wolves fans. Most non Wolves merely view the current situation as Wolves returning to their rightful place and good riddance to bad rubbish.
However I give you "Occams Razor".
This states that when faced with competing hypotheses that explain a phenomenon equally well the simplest one - the one requiring the least assumptions is usually the best.
Now the post Seville path from a successful, (2 league 7ths, a cup semi and a euro quarter), and profitable club with modest debt to the current situation, massively loss making, huge debt and just about to be relegated is a matter of record.
So the question is why?
Is it as you suggest simply because Jeff was grossly incompetent?
I find this hard to believe not just because Jeff is, as his career record indicates, a highly intelligent and successful businessman but also because it assumes that as the wheels came off both financially and in football terms - remember Wolves lose £80m pa more than Brentford and debt has spiralled out of control whilst the side has tumbled down the table - no one in the entire Fosun organisation noticed.
Wolves may be a relatively small part of this multi billion conglomerate but the accumulated losses plus the decline in the potential market value of the club total many hundreds of millions of pounds.
Not a small sum even for Fosun.
These assumptions are surely far too outlandish to contemplate.
The option?
Fosun used to modestly fund Wolves development and saw fantastic returns on that investment - they undoubtedly could have cashed out at Seville for a not insignificant multiple of their investment.
But come Covid Fosun not only couldn't continue investing in Wolves but needed a return.
Maybe they made the decision - foolishly - that with the help of Mendes running a football club was easy and that they could make/take money from it.
However they couldn't legally take dividends as the club has negative reserves so had to construct a network of inter company trading schemes - the balances of which are on the balance sheet and are vast - to extract cash from the club!
The club, however well it is managed, is though highly unlikely to be able to raise substantial sums of profit and/or cash.
Consequently either believing that it is possible, ( it isn't), or simply because there was no choice the club started selling off the best players and tried to replace them with further prospects.
This thesis fits the facts perfectly and merely requires one to believe that Fosun made a poor decision in not selling when they could?
So by Occams Razor Jeff has merely been doing the job he was given but as everyone involved in football should know - Fosun aren't and of course listened to Mendes who had a very vested interest in helping them come to their false conclusion - it was impossible to achieve any other outcome than that which has occurred in the medium term.
27 Feb 2026 10:39:43
Indeed, but how sharp. If Munetsi is on £30k a week, a 50% reduction would make it fine. But if he is on £70k a week, even at 50% he is a very expensive player. At that price, and, of course, there will be players (not many and only at the bigger, richer clubs) on that and more in the Champ, he would need to be a star player, clearly better than most at the club, if not the entire league.
It is hard to imagine, even today, a Wolves side where Munetsi is a top player.
27 Feb 2026 09:40:16
Re Gomes and Andre. I suspect you are correct, or at least in the ballpark. At their best, they are as good as any pair in the Prem; hence teams of this quality want them, and thus they should be selling for considerably more than this sum. Sadly, however, playing on a broken side that quality has been hard to see, and consequently the pair will go for not much more than half of what one of the Chelsea two went for. Damaged stock, badly sold by a forced and desperate seller with a reputation as a soft touch/incompetent club, means that perhaps even 50% or more has been left on the table - once again! As for replacements, who knows, but it is not beyond the realms of possibility that the 3 you mention are also sold.
Munetsi's wages are hard to establish, as there are widely varying numbers mentioned on various sites, but even at the lower end they are probably still too high for the club unless there are sharp relegation clauses. PS. I have been loving the optimism re Mane's transfer, with people suggesting £50m+ and even a loan back. I fear he will go for a substantially lower figure, with perhaps some reasonably generous add-ons. I would also imagine there is little to no chance of a loan back. PPS. Enjoy Andre and Gomes these last few weeks in the Prem. Players of that quality won't be playing for Wolves again in the foreseeable future. Tks, Jeff!
04 Feb 2026 19:04:52
Mad - the point you make is the same one BB and Good made - should Fosun have acted on Jan 1 when a miracle might, ( only might), have been possible.
i have to accept that it is not an unrealistic one which I missed - blinded by a flicker of rationality later on in the month when the miracle was gone.
Assuming Edwards is here, ( far from certain that he will), that would be the obvious thing to do but I strongly suspect he won't be able to as the players he will want will be the ones that will go.
Interesting view on Emmanuel - but as you say what does it say about the rest of the CBs at the club as he was head and shoulders above all of them last season.
In the Champ I suspect he would be a behemoth and with Krejci would be as good as any in the league.
Guess that is opinions for you!"
Ironically though Armstrong wouldn't have been the signing to make then though as he is clearly not good enough for the Prem.
Not sure who those signings should have been though as far from convinced the 2 Chelsea boys would have moved the dial either.
04 Feb 2026 15:39:04
Again sensible.
Shocked but have Wolves finally learnt their lessons!
He has not worked out and is unlikely to be any better in the even more physical Championship.
If the club can sell him at a not insignificant profit raising cash to pay down debt and/or finance the re-build then it should.
It could in any case be argued that Gomes A has already arrived as his replacement - home grown, substantially cheaper and on lower wages.
Note as some of you may think somewhat conversely I however believe Emmanuel should not be sold! He has shown that he is more than capable of playing in the Championship and if Wolves can afford it and can persuade them to stay he and Krejci would form a pairing that would be without peers in the Championship.
thefutureisoldgold3's banter replies
03 Apr 2026 21:48:12
Goat, the claim that he is on £400k a month is lifted, albeit multiple times, from one particular site, and I think is fairly clearly flawed.
It is reported on some other sites that he is on Euro 400k a month, a fair bit different.
However, on most sites it does, as you suggest, say he is on £35k a week, but with a bonus of some £455k at the end of his contract (5 months!) with Wolves.
Even grossing this up to an annual bonus, you still get nowhere near Euro 400k a month, let alone £400k a month.
Sadly, the internet is far from gospel or even consistent, and I don't think you need to be in any way reticent in pointing this out!
Ps, Toti is indeed a weird one - a player who, frankly, won't be too good for the division he will be playing in next year, and indeed may only be a modest player at that level.
Massively over-paid if he is indeed paid £80k per week!
Pps, however, the current low salaries paid to the squad - which militates against the huge wage bill in the accounts by the way, but that is a different issue I have with Fosun! - are, though, not without cost/consequences.
I'm far from certain that replacing some of the best players in the league - on commensurately high salaries - with the massively sub standard players on low salaries, leading to the club plummeting down and out of the league, is learning a lesson.
It is, however, simply a financial necessity as a result of Jeff's financial policies, which aren't necessarily aligned to the interests of the football team - but that is another issue altogether I have with Fosun!
17 Mar 2026 23:02:11
Deep, once again, an excellent post.
To be fair to Vitor, he made it clear he was totally and utterly pee'd off by Jeff and wanted out, but Jeff wouldn't pay him to go, so he stayed.
However, only in body - bit like several of the players - traffic cone, I'm looking at you!
Disgraceful and disrespectful behaviour by all concerned, showing once again what a toxic mess Wolves have/had become under Jeff.
What I can't understand is how a massive multi-billion company like Fosun can have allowed such mismanagement of a not insignificant business for so long?
How did they fail to see what was screamingly obvious in the accounts, for those that read accounts, and on the pitch, for those that can read football pitches, and in the league table for those that can merely read!
17 Mar 2026 15:21:45
Deep, excellent post.
However, sadly, the punishment for being relegated, which, as you say, is almost entirely self inflicted and totally baffling, is that you have to hand over most, if not all, of your good players, and for peanuts.
The rumoured price for the best player, ok not everybody on here rates him, but in my view he is a top 4 calibre player, Gomes J, is a pathetic £30 -40m!
Consequently, next season's side will be nothing like the side currently playing.
Thus, whilst the current side, as you say, might be a lower mid-table Prem side, and probably a v good bet to do very well in the Championship, the team Wolves are able to put out after handing over the better players is far from certain to be near the top of the Championship!
Thanks, Jeff!
05 Mar 2026 14:35:15
Old and Abbey completely agree, both about it being a game of opinions and consistency.
However, on a losing side (and a side in total chaos, with several players not even trying), it is not always easy to see how well a basically defensive midfielder is playing.
John Wayne at the Alamo!
For example, when Wolves got destroyed by Chelsea at Stamford Bridge, Gomes was brilliant - the best player on the pitch, and he totally outplayed his direct opponent Caicedo (sp) - yet was castigated on here!
Maybe because the team was slaughtered, or because the stats - goals and assists - don't demonstrate his worth, the quality is overlooked.
Both Andre and Gomes have been guilty of overplaying/getting caught in possession, and have been criticised for it.
But if you take the ball and suddenly find no one else wants it, what are you supposed to do?
I'm sure I mentioned the incident where he received the ball deep in Wolves' half and was immediately challenged by Caicedo.
He beat him 3 or 4 times whilst desperately looking for a pass - to the traffic cone or Hwang - before eventually drawing a foul to relieve the pressure.
That was truly brilliant but had zero impact on the game as a whole!
As I said to another poster who was criticising Andre and Gomes, "If you don't like the Brazilians, I'm far from certain you will have much fun watching Munetsi and slow Traore in the Champ whilst they play in the Champions League"!
04 Mar 2026 15:35:37
Deep - Of all the horrific errors Jeff has made, (from Wolves football club's perspective at least), the decision to allow Vitor - who clearly wanted out and was obviously totally disinterested, thus not only lost the dressing room but sadly brought out the worst in some players who should hang their heads in shame at their lack of professionalism - to burn the first half of the season was probably the worst.
As can be seen now, although the squad is modest, shallow and unbalanced, it is nowhere near as bad as the team's current plight would indicate.
Sadly, however, unless a miracle occurs this squad, which would probably be a very strong group in the Championship, will be broken up and Wolves' entirely self-inflicted problems may continue apace.
Ps, I know it is all about opinions, but it is odd how many Wolves fans are unable to see just how good Gomes J and Andre are.
If you listen to most pundits and commentators, they rave about them. Last night, Gomes was once again the best player on the pitch.
Different from Neves and Moutinho in that they don't have the class, composure and control that those two gave you, but they do have more energy, legs and aggression.
Gomes J is also by far the best dribbler of the four, and on a better side his passing and vision would be more obvious to the casual viewers. On a better side he could also get forward more and might add goals to his repertoire.
Chelsea paid well over £200m for their pair, but if you switched the two around would Wolves be markedly strong or Chelsea weaker?
Sadly, as discussed previously, both will be sold for not much more than half of one of the Chelsea boys - bargain basement sales from the store where everything has a yellow sticker!