MX23RW : Tuesday, March 11 05:11:40| >> :120:47153:47153:

Jeff Shi: 'Wolverhampton Wanderers financial losses are normal'

Shi: 'Wolves' financial losses are normal'
© Offside
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.

ID:320811: cacheID:320811:1false2false3false:QQ:: from db desktop :LenBod:restore:2413:
Written by
Darren Plant
Restore Data
Share this article now:
Generic image of a locker room
Read Next:
Wolves keen to increase capacity to 50,000
>
Read more about Jeff Shi Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool29217169274270
2Arsenal281510352242855
3Nottingham ForestNott'm Forest28156745331251
4Chelsea28147753361749
5Manchester CityMan City28145953381547
6Newcastle UnitedNewcastle2814594738947
7Brighton & Hove AlbionBrighton28121064640646
8Aston Villa2912984145-445
9Bournemouth28128847341344
10Fulham2811984138342
11Crystal Palace2810993633339
12Brentford28115124844438
13Tottenham HotspurSpurs281041455411434
14Manchester UnitedMan Utd2897123440-634
15Everton2871293135-433
16West Ham UnitedWest Ham2896133248-1633
17Wolverhampton WanderersWolves2865173857-1923
18Ipswich TownIpswich2838172658-3217
19Leicester CityLeicester2845192562-3717
20Southampton2823232068-489


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!