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…
That’ll go towards Christmas dinner— Tommy Miller (@wwfcmiller) December 21, 2021
Transfer funds!!!— Rich (@RichWolves7585) December 21, 2021
No excuse now to not get players in January.— Chris (@cpj93070) December 21, 2021
add my £40 for the Olympiacos ticket they still owe and we could buy someone— John🏴🐺🐺🐺🇵🇱 (@JohnB150) December 21, 2021
Is this because the club are preparing for the possibility of restrictions e.g. playing behind closed doors or postponement?— Amar's Music Show (@amarsmusicshow) December 21, 2021
What’s the loan for? Club are in a good position financially and it’s not for players in January so what’s the point— Jonathon Giddings (@Giddo_90) December 21, 2021
Most clubs do it folks, standard procedure.— WolvesFirst (@WolvesFirst) December 21, 2021
Why are we scrambling round for cash when we’re owned by billionaires? 😂— Molineux Resistance (@TheMolineuxBlog) December 21, 2021
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