05 Jun 2018 22:58:11
Can I ask a question regarding FFP I know there are two different types one for transfers and one for wages so can I ask how wolves will pass it because if it's true they are buying a Def for 35 mill he will be on a pretty hefty wage I'm guessing so just how will they get around it as I know we are pretty safe after selling Lukaku Barkley and stones which gives us a lot a breathing space.

{Ed002's Note - Clubs can get a one year exemption by stating they will be making a one off additional assessment. This needs to be done by December 31 the previous year and Wolves have not done it. If Wolves can offset income from the first year against expenditure then they are fine - and they will have the additional £100M from PL television and additional sponsorship. Wages may prove to be a stumbling block and it will need to be something they address.}

1.) 06 Jun 2018
06 Jun 2018 11:15:55
Wolves will pass it by buying players for 10m on Monday and selling for 12m on Tuesday. Who said having a dodgy agent doesn't work.

2.) 06 Jun 2018
06 Jun 2018 11:17:19
Good to see you back Ed002, excellent knowledge as always.

3.) 06 Jun 2018
06 Jun 2018 06:20:13
Wages are the biggest hurdle I think which is why when we consistently finish 7th we are doing well if you compare our income to the top 6 IE sponsors profit of transfer sales the biggest being the 3 I mentioned that gives us a lot of scope. I hope wolves do well but without becoming a modern day Leeds Ed02 one last question if I may this super agent who has ties with them and basically told Neves he had to join them and now this RB who again has ties with the agent is this allowed and will the premier league watch them carefully.

{Ed002's Note - Right, a very good question. The Football League were asked at the start of the year to investigate the relationship between Jorge Mendes and his business Gestifute and Wolves from a legal perspective, given the regulations surrounding third parties not being allowed to influence transfers. They concluded that as Jorge Mendes and Gestifute was simply an advisor to the club and the owners (Fosun), then all was fine - which it wouldn't be if he were an employee (director etc.) of either the club or Fosun. This was rather a surprise to me at the time, and a surprise to JM as well, as it was expected that at the very least the EFL would have issued some guidance and set down what could and could not happen. Leeds were one of the clubs that raised the original issue and they complained that the EFL had not addressed the matter - only for the EFL to go on the back foot to defend their position and say that they investigated and answered the specific question asked. The surprise to me was that they appear to have considered that Jorge was not employed or a part owner of Wolves and Fosun but completely ignored the ownership of his business Gestifute - which is part owned by a company which is itself owned by Fosun chairman Guo Guangchang. More than a tenuous link I am afraid and one the EFL should have dealt with. INterestingly, under FA rules the Premier League will have an obligation to look in to this matter as well. It will be interesting to see what happens there or if, as I suspect, it all goes rather quiet. In the bigger picture, China will continue to increase their influence over the world-wide game and will look to invest further in to clubs at the high-end of the game.}

4.) 06 Jun 2018
06 Jun 2018 11:24:19
I don’t know whether you think the same Ed, but what is transpiring at Wolves right now seems very reminiscent of what happened at Anzhi Makhachkala. Doesn’t seem sustainable to me.

{Ed002's Note - Anzhi took the approach that they would accept UEFA bans from the Champions League/Europa League in order to keep breaching FFP when it first came in - they tried to buy Messi in mid December 2012 when made an offer to Barcelona that matched the €250M release clause that he had at the time. The Russian Football Union too the approach to try to negotiate a salary cap (at the behest of the Government) but it was not being well received. The majority of the clubs were not in an Anzhi-type situation but would generally welcome a reduction in wages. Three Russian clubs (Zenit St Petersburg, Anzhi Makhachkala and Rubin Kazan) were subject to UEFA sanctions at the time (similar in a way to Manchester City and PSG) and two wanted that behind them and were supportive. Anzhi blocked it then in the summer of 2013 the bubble burst. They have recently been relegated.}

5.) 06 Jun 2018
06 Jun 2018 15:08:28
Jesus we have missed your knowledge ED02 thank you for the in-depth reply. it's going to be very interesting to see what happens regarding Wolves as I can see a few teams making complaints.

{Ed002's Note - I expect there will be complains as well.}