LIVE
...

Follow us on

Soccer Transfer News

Report explains how Fosun’s huge profits will affect Helder Costa’s Wolves future

Wolverhampton Wanderers manager Paul Lambert (REUTERS)
Follow us on Google Discover

The winger has been linked with a move to the Premier League – and, despite their financial backing, Wolves may be powerless to prevent it.

Wolverhampton Wanderers' Helder Costa celebrates scoring their first goal

Wolves’ Chinese owners, Fosun International, have revealed that they have made an eye-watering £1.2 billion in profits in the last year, the Express and Star reports.

The conglomerate have sizeable stakes in travel firm Thomas Cook and owner Cirque du Soleil while recent reports have stated that they are ready to launch an ambitious approach to take over Borussia Dortmund. Therefore, the Midlands club make up a tiny portion of Fosun’s income.

However, thanks to those pesky Financial Fair Play regulations, Fosun’s monstrous profits may not prove much of a benefit to Paul Lambert’s Wolves.

Championship clubs are permitted losses of £39 million over a three year period and the fact that the Midlands club have spent £27 million in transfer fees since the new owners took over in the summer means that they may have to make that money back via player sales.

Therefore, according to the Express and Star, this could have crucial ramifications for the future of Helder Costa. If you thought that the presence of wealthy Chinese owners would protect Wolves from being forced to sell their prized assets, think again.

Wolverhampton Wanderers manager Paul Lambert

According to the Express and Star, the £13 million they paid Benfica to sign the nine-goal winger permanently in January was viewed more as an investment than a statement of intent.

And, with The Sun reporting that Arsenal and Chelsea are preparing a summer move with the bidding starting at £20 million, that Fosun will once again be raking in the profits soon enough.

Helder Costa celebrates scoring the first goal for Wolverhampton Wanderers

Not that this should be used as a stick to beat the new owners with. In truth, it’s UEFA’s Financial Fair Play regulations that should be subjected to scrutiny.

While purportedly aiming to reduce debts and prevent teams ‘buying success’, it also serves to restrict a club’s progress. Wolves may have some of the richest owners in the Championship but, as long as FFP remains in place, they will have to sell as they buy.