Jeff Shi has admitted Wolves will still not be able to spend big this summer, in a revealing chat as part of the Ask Wolves series.
The executive chairman sat down with reporter and Wolves fan Johnny Phillips to discuss a wide range of topics, including ambitions, investment in the team and commercial growth.
Fans have been eagerly anticipating some communication from the club.
The club’s finish to the 2021/22 season was disappointing, and many are now expecting a big summer as a response.
People want to see new faces to shake things up, with many players having now been at the club for several years.
Shi was asked what level of investment supporters can expect to see in the coming months.
And the answer he gave is likely to not go down well.
He admitted: “It’s still not easy. The last three years we have been affected by the pandemic. We are also impacted by the new European rule. I have to talk with the financial guys in the club. It’s quite tough for every club in the Premier League.
“If you look at the ceiling, it’s not easy to just spend.
“It’s more about optimising, rotating and reshuffling the squad. Because some players may go after a long time. Some players may come. Some young players may grow up. We will have a new team for sure. We are aiming to have a better squad.
“However, regarding how much we should spend, I don’t know. We have to look at the ceiling.”
Concerning comments from Jeff Shi on investment at Wolves
Shi’s remarks about potential investment at Wolves are a little disappointing.
It does seem very much as though everything we’ve been hearing about Wolves ahead of the summer is true – the club will need to sell to buy.
Significant investment does not seem particularly llikely.
And that is hugely frustrating, given the potential of the team.
We saw Wolves come fairly close to securing European football in 2021/22, before they ultimately fell away.
So the club isn’t far off competing. But without proper investment, it will be very hard to build.