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26 Nov 2025 14:40:45
As pointed out Fosun should not want to put Wolves into admin as it would mean a 12 point deduction with obvious consequences for the football team. (Although if taken this season an irrelevancy). However if the club is unable to pay its obligations as they fall due they legally have no other choice.
Relegation will almost certainly trigger the loan and absorb the parachute payment so even if Fosun waives their own debt, (and why would they), it will be impossible to meet a £250m, (of which £180m is in cash) cost base and service the obligations to other clubs for past transfers from the remaining circa what £30- 40m of income?
Selling the squad will reduce the cost base, (although not by as much as you would hope), and sadly only raise modest sums - many players will either have to be virtually given away or even in the worst cases paid to go - so it is unlikely that after paying debts, (the parachute payment will only cover a portion of the debt), there will be much left over and certainly not enough to run a club for a year.
Admin will allow Fosun to walk away from the remaining debts, purchase "esports" and any other bits they want from the administrator and leave the pesky football team to be picked up by a new investor.
Of course Fosun may back the club and offer short term liquidity to allow it to survive until the following season and the next parachute payment but in which division they will be playing in by then is anyone's guess!
24 Nov 2025 11:24:46
Despite the new name - as the system has thrown me out again - it is still the same miserable old git from before.
Long your poetry was astonishingly brilliant and your comments and insights equally so!
You will be missed!
However I cannot say I am surprised.
You may have noticed I post a lot less these days as well as sadly what is there to say.
I am embarrassed and ashamed and don't even watch MoftD anymore.
I have also lost interest in Fantasy where I used to compete in numerous leagues!
Fosun haven't just killed Wolves they have killed top flight football for me - I now watch loads of non league and lower league stuff plus go to the occasional rugby match - saw Pumas yesterday!
I still read posts here and elsewhere from people "hoping" that there will be a recovery and talking about resets and investment by Jeff.
The only thing Jeff has done well is cover his tracks.
When reality hits, (and it is going to get a lot, lot worse than this), it is going to be a real eye opener for some.