Wolves’ owners, Fosun Sports, have invested £80 million to ensure they avoid future Financial Fair Play concerns.
Wolves’ owners are expected to pour significant funds into the club this season, according to Football Insider sources.
According to Bloomberg, Fosun Sports Group plans to raise £80 million to invest in both the Molineux team and their eSports portfolio.
It is expected that a considerable portion of the funds earned will be invested in Wolves this season.
According to Football Insider, Wolves were ‘dangerously close’ to losing points after breaching Premier League finance rules.
The current Profit and Sustainability Rules allow top-flight clubs to lose up to £105 million over three seasons.
However, owner investment accounts for £90 million of the authorized losses, whereas clubs are only allowed to lose £15 million.
Fosun’s upcoming cash injection will help to increase Molineux’s permitted losses under PSR requirements.
team chairman Jeff Shi wrote a letter to fans in August 2023, saying that the team would be “more free financially” this summer after controlling spending last season.
To avoid PSR breaches, Wolves sold players for a total of £144 million during the 2023-24 season.
However, with expected investment from owners, the Midlands-based side will have a competitive budget this summer.
In other news, Wolves could be forced to sell 23-year-old star—summer FFP plan revealed.
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