Wolves takeover: Deal could cost John Textor ‘£400m’ in total
The amount John Textor may have to pay to purchase a full takeover of Wolves has been revealed.
That is according to football finance expert Dr Dan Plumley who exclusively told Football Insider how much the Premier League club could be worth.
Textor is facing little competition to buy Wolves, who currently sit bottom of the Premier League table and without a win this season.
Wolves have been looking for minority investment over the past year, with a full takeover not a proposition the club are looking at despite Textor’s interest.
Wolves takeover will not change January transfer plans
Speaking exclusively to Football Insider, Plumley believes that a takeover now would not be able to change the clubs January transfer plans, and he states how much the club could be worth.
“I think to change January transfer plans, it’s probably too late to do that. It [a takeover] would take time,” Plumley said.
“Any takeover is still going take a few weeks even if you fast track it. You’ve got to go through the due diligence. You’ve got to do the owners and directors test.
“Looking at November now, if it was to be a full takeover as an example, it might be a little bit too late for January.
“I think in terms of the valuation, the revenue lines up about £170m and it has been since they’ve been in the Premier League. They’re in that group of clubs in the Premier League that would carry a valuation of around £250million.
“We’ve seen Everton go for £400m. Newcastle was £300m a couple of years ago, but under different circumstances.
“So it’s quite easy to get those clubs, you know, look kind of odd mid-table bottom Premier League clubs to a valuation of £250m at least.
“What I would say within that as well is that’s not included investment over the top. So if it is £250m circum valuation buy the cover and everything that comes with it.
“You’ve then got to look at the working capital to invest as you say, and and, obviously, there’s a they’re not doing well on the minute on the pitch, so there’s some work to do.
“Have you got infrastructure projects in mind etc. So that can quickly become a £300m to £400m project, which is the valuation plus the working capital to take the club forward.”
John Textor multi-club model plans
Textor could buy Wolves as part of a multi-club model, with the American already holding majority stakes in three clubs including Lyon.
The 60-year-old sold his shares in Crystal Palace in June amid the clubs battle to remain in the Europa League.
Textor has also showed interest in Sheffield Wednesday, as the Championship club look for a takeover following the reign of Dejphon Chansiri and after going into administration.