Wolves are getting a cash injection of £23million from a loan secured against transfer funds due from Diogo Jota’s transfer to Liverpool.
As per the Express and Star, Wolves got part of the £40 million fee up front with the rest to come in instalments.
But Wolves have taken an advance on the £23 million they were still owed from Australians Macquarie Group.
That means that when Liverpool pay up, Wolves will repay that money to the bank and it part of a common practice at football clubs to boost cash flow.
Some fans on Twitter might have been excited about the move, thinking that it was to boost the club’s budget ahead of a January spending spree.
But the report says this is not the case and it is perhaps a response to the Covid uncertainty which may mean games behind closed doors return in 2022.
Old Gold supporters online had their say on the development, which comes just weeks after Jota returned to Molineux and missed a sitter as Liverpool eventually emerged 1-0 winners.
Here is how the news went down…
- Carlos Forbs makes upsetting admission about his loan season at Wolves
- Matheus Cunha and Rayan Ait-Nouri are not the only past mavericks Wolves are missing
- Wolves and Liverpool interested in Portuguese defender who could leave for cut-price fee
- Tim Sherwood claims there’s one Premier League team worse than Wolves this season
- Wolves’ biggest regret of the summer stuck warming Premier League club’s bench