Something occurred to me recently, and that’s all it did, it occurred to me, I’m making no allegations or defaming anyone, none of this is fact, it’s my brain, addled with beer, thinking about stuff. Consider it fiction cus I’m sat here making it up right now.
Wolves are struggling at the minute and back when the transfer window was open we seemed very unsure to spend money, but at the same time the club has demolished a stand to rebuild it at a cost of millions.
Now the owner of Wolves, who got the club for a tenner as long as he made a promise to a very old man, an old fashioned businessman (you know the sort of old fashioned businessman who might think your word was your bond and you’d stick to it after shaking hands on an agreement) that he’d invest £20m into the club which he seems to have done, so agreement kept.
Now also consider that the man who now owns Wolves has another company that builds houses, that could rebuild maybe… a stadium too. They are both companies owned by one man but who’d operate and invoice each other separately. What a great way to move cash from one company to another. I’m sure I’m no genius spotting this likelihood and that kind of thing goes on all of the time but it still would seem weird? Is the chairman rebuilding the stadium with his own building company? Is it free to the club or is money moving out of Molineux to pay for the rebuilding of the stadium? If that is the case (and I’m only guessing here) will any profit made by the building company be re-invested in the club? What worth will the club have after it is rebuilt and what profit on £20,000,010 pounds could be made if it’s sold? Is the future of our club really so secure? Questions I’d love to have answered.
I’m not sure about any of this as I say, I’m just looking at the current situation we are in and wondering, why? Steve Morgan seems like a very nice bloke who has the interests of the club at heart. But at the moment he and Moxey and McCarthy are all too pally pally and the pressure does not appear to be on the manager to get results or the board to look at investment in players come January. Where is the transfer kitty? Is it paying for a new stadium that could wait until we’ve got a decent team to play in it? If so that is foolish, very foolish.
Three years into our Premier league excursion and we’re no further up the road to consolidating that position than we were on day one of the 2009-10 season. I wonder if history repeats itself because I remember in the early 80’s the club built a new stand at the expense of investment in players and the club had 3 successive relegations.
OK, paranoid rant over. I’m sure the club will be fine, what ever ground or division they are playing in come May. (I hope so anyway!) I’d love any feedback from Wolves fans on my thoughts.
Peace.
Got to be honest it is a theory that’s crossed my mind a few times.
I’m glad. That shows I’m not turning bitter. Its just a thought, but once bitten…. and all that!