By Kieran Maguire

16th Sep, 2022 | 1:18pm

Kieran Maguire: Fosun may be set to starve Wolves of cash amid financial crisis

Wolves ownership group Fosun International may be set to starve the club of cash amid ongoing financial problems.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about how Fosun’s external business circumstances might affect the Molineux club.

The Chinese conglomerate bought Wolves, who were then in the Championship, for £45million in 2016.

The Financial Times reported that the company’s shares have lost 18 per cent of their value since the beginning of September.

It is also understood that Chinese regulators have requested certain lenders and state-owned companies to examine their exposure to Fosun.

The company has begun to sell off assets to offset its mounting debt bills, and analysts say there is a tangible threat to Wolves.

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Maguire forecasted how this threat might present itself.

“The financial problems as far as Fosun is concerned means they have to be cautious in terms of how they spend money,” he told Football Insider’s Adam Williams.

“That means they are likely to have to divest significant non-core investments. Wolves could be included within that.

“Alternatively, there could be a cost-cutting exercise, which again would have implications for Wolves and their activities in the transfer market going forward.”

Wolves, who are currently 14th in the Premier League, recorded a negative net spend of around £72m during the summer transfer window.

They made a profit of £18.4m on a turnover of £194m in 2020-21, the last financial year on record.

In other news, medical insider claims Diego Costa may not be fit for next “eight games” amid Wolves latest.