Sep 27, 2024, 12:00 PM
Sep 27, 2024, 12:00 AM

Wolves owner Jeff Shi reflects on spending strategy amid past struggles

Provocative
Highlights
  • Wolves are currently at the bottom of the Premier League table with only one point from five matches.
  • The club's management, led by Jeff Shi, is focused on financial stability and a cautious transfer policy, generating funds through player sales.
  • Despite recent struggles, there is hope for improvement as the team prepares for challenging matches against Liverpool and Manchester City.
Story

Wolves, under the ownership of Fosun International since 2016, have experienced fluctuating fortunes in the Premier League, including consecutive seventh-place finishes in 2019 and 2020. However, the current season has seen them struggle, sitting at the bottom of the table with only one point from five matches. The club's management, including executive chairman Jeff Shi, is focused on maintaining financial stability and adhering to Premier League spending rules, which has led to a cautious transfer policy. Shi, who prefers to operate behind the scenes, is determined to prove his capability beyond being seen as a mere representative of Fosun. Despite the challenges, Shi and sporting director Matt Hobbs continue to support manager O'Neil, who has faced criticism due to a poor run of form. The club's strategy emphasizes generating funds through player sales rather than relying heavily on external investments, reflecting a broader trend in football where financial prudence is becoming increasingly important. As Wolves navigate their current difficulties, fans remain hopeful for a turnaround, particularly with upcoming matches against top teams like Liverpool and Manchester City, which could significantly impact the club's morale and standing in the league.

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