SM
Liverpool vs. Real Madrid: 22 hrs 33 mins
Upcoming predictions and previews

Jeff Shi: 'Wolverhampton Wanderers financial losses are normal'

:Headline: Jeff Shi: 'Wolverhampton Wanderers financial losses are normal': ID:320811: from db_amp
Chairman Jeff Shi suggests that he has no concerns regarding the financial losses of Wolverhampton Wanderers as the club target promotion to the Premier League.

Chairman Jeff Shi has claimed that he has no concerns regarding the financial losses of Wolverhampton Wanderers since Fosun International's takeover of the club.

Fosun have provided funds for Wolves to try to earn promotion to the Premier League, and the West Midlands outfit currently sit at the top of the Championship standings.

However, should Wolves fail to secure top-flight football for next season, the club will likely have to sell players in order to comply with FFP regulations in the Football League.

Shi says that he remains happy with Wolves' financial work, however, and is comfortable with showing "ambition" to take the club to the next level.

"The loss is the nature of the league. Other clubs if they had real ambition they would lose money too. We have less TV rights revenue but the quality of the league is higher and higher," he told the Express & Star.

"The quality is even higher than the Portuguese league, so the quality is higher and if you want to get promoted you need high quality players, so you have to pay, but in the meantime, the TV right revenue is not only far behind the Premier League, it's far behind the French league and the Italian league. But we're recruiting players from those leagues.

"So on transfer business we're on an equal level, especially with the French league. But the revenue we get is far behind them. That's the problem with the league, so we have to take the loss."

Ahead of Tuesday's fixture with Reading, Wolves only hold a three-point advantage over second-placed Cardiff City.

amp_article__320811 : Database Data restored...  : 
last updated article - 2018-03-15 17:22:07:
html db last update - 2018-03-15 17:22:07 :

ex - 7200 : read : read cache amp html

Click here for more stories about Jeff Shi

Click here for more stories about Wolverhampton Wanderers

Share this article now:
Read more about Jeff Shi Football
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Liverpool1210112481631
2Manchester CityMan City127232217523
3Chelsea126422314922
4Arsenal126422112922
5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Fulham125341717018
10Newcastle UnitedNewcastle125341313018
11Brentford125252222017
12Manchester UnitedMan Utd124441313016
13Bournemouth124351617-115
14West Ham UnitedWest Ham124351519-415
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Ipswich TownIpswich121651323-109
19Crystal Palace121561017-78
20Southampton121110924-154
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .