Wolverhampton Wanderers Training Session
Photo by Jack Thomas - WWFC/Wolves via Getty Images

Fosun have written off Wolves debt owed to them, just like Roman Abramovich

Roman Abramovich’s willingness to write off Chelsea’s debt to him in the sale of the club has caught the eye.

The Russian owner is selling up because he says it is in the best interests of the club to do so amid the current global situation.

But Wolves have released their headline financial information for the past year and it shows that they have also written off debts owed to them by the club.

Football Finance expert Kieran Maguire pointed that out on Twitter, saying that Fosun have written off £126.5 million in debt to them.

He was also keen to underline that means that it is not just Abramovich doing that and that some owners do it without making so much of a fuss.

Perhaps those in the know like Maguire are surprised that Abramovich’s decision has garnered so much attention and credit in light of that.

Fosun have been criticised for not investing enough in the playing side and leaving Bruno Lage with a thin squad.

A central defender, a central midfielder and a striker would really round off this squad, handing Lage the options and variety to really battle for Europe.

But the club does not spend money for the sake of it and that approach hands the likes of Luke Cundle the chance to break through.