Finance guru: Wolves on course for ‘£20m’ sale after Fosun green light
The Fosun Group could sell 10 per cent of Wolves for £20million in a bid to soothe the club’s cash concerns.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the problems currently being experienced by the Chinese owners.
Fosun, which describes itself as a “global innovation-driven consumer group”, has reported debts of £17billion and is flogging assets of £2bn to help raise funds.
Per The Times on Thursday (8 December), the group is now seeking new investment in Wolves, although they insist the club is not open to full takeover offers.
Plumley claims that the Molineux club are likely worth around £200m, meaning a 10 per cent state would set an investor back by £20m.
“This is similar to the situation at Liverpool, albeit on a smaller scale,” he told Football Insider’s Adam Williams.
“If you don’t want to give away the majority then your lowest percentage point is 51 per cent. That gives you control, so 49 per cent or lower could be sold in theory.
“But we are seeing far more 10-15 per cent deals done in the market these days. That tends to be the starting point and you can negotiate from there.
“I think Wolves will be in a similar position here. If you don’t want to give up a chunk of your ownership and you choose minority investment, I do think we’re looking at 10 to 15 per cent.
“I would suggest that they are worth around £200m, and that is contingent on their divisional status.“
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