Sky reporter Johnny Phillips has revealed Wolves paid around ‘three times’ what you would normally pay for a coaching staff to bring in Julen Lopetegui and his team.
Wanderers fans were rocked last night as more claims emerged about Lopetegui.
The Spaniard is not happy at the club due to the financial problems.
Wolves have been unable to bring in new players this window, having overspent in the last two windows.
Tom King and Matt Doherty have both come in, but they were free agents.
Lopetegui is due to take training this afternoon at Compton. But there are now doubts about him being in the dugout for the first game against Manchester United.
Last night, Phillips shared some interesting information about why Wolves are now in the situation they are in…
Wolves spent ‘an absolute fortune’ to bring in Julen Lopetegui and his coaching staff
Wolves didn’t just spend a lot of money on new players last season, which has been the main talking point about why the club can’t spend.
They also shelled out a lot of money to sack Bruno Lage, and then bring in Lopetegui and his backroom staff.
Phillips, who is well-connected at Wolves and is a supporter of the club, appeared last night in a video on the Talking Wolves YouTube channel.
He spoke a bit about why Wolves are now struggling to spend.
He said: “Fosun just can’t keep pumping vast fortunes into the club every transfer window. This day was always going to come. They didn’t expect to spend the level of money they spent at the end of August last year. Jeff Shi looked me in the eye when we did ‘Ask Wolves’ and he said this was going to be a self-sustaining window where we sell to buy. Scott Sellars did the same. And at the end of the window, £100 odd million spent.
“Now, they wouldn’t have envisaged going again last January, where they spent significantly. They had a different manager… who cost an absolute fortune to bring in with his coaching staff. Wolves have never paid money like this before for a manager. We’re talking around three times what you would expect to pay for a coaching staff. It was huge money. So they’ve got that outlay as well. They just can’t keep spending.”
An unavoidable scenario
Seemingly, Wolves were always heading for a situation like this.
The club have spent vast amounts on wages, signing new players, sacking managers and hiring new ones.
You could argue that Wolves’ precarious position after the sacking of Lage warranted the outlays on a top manager like Lopetegui and then the signings that came in in January.
Without those additions, it’s possible Wolves would now be in the Championship.
But the spending has all caught up with them now, and it is worrying to think how this season might pan out if no other players come in and Lopetegui ends up walking.