Wolves spending plans revealed as Bruno Lage handed fresh transfer blow

All of your Wolves headlines on Wednesday, June 1...

Jeff Shi has warned Wolverhampton Wanderers supporters that Fosun won’t be spending big in the summer transfer window.

The Wolves owners have reined in the spending in recent years and made a small profit in last summer’s transfer window. They also failed to back Bruno Lage in the recent January transfer window, with Portuguese youngster Chiquinho the club’s only signing of note.

Last year Shi told supporters that Fosun would no longer be willing to bankroll Wolves’ transfer business and cited some financial fair play difficulties the club had faced. However, Wolves have now broken free of UEFA’s FFP shackles and supporters hoped the owners would invest in the playing squad this summer after Lage guided the team to a 10th-placed finish.

But Wolves chairman Shi has moved to dampen expectations in the latest #AskWolves series. He admits the club’s spending will still be controlled by the money they receive from sales, with Ruben Neves the most likely big name departure this summer.

“I think it’s still not too easy to find enough space and for the last three years it’s been impacted by the pandemic, also impacted by the new European rule,” Shi said. “I have to talk with the financial guys in the club. I think it’s quite tough for every club in the Premier League, so if you look at the ceiling, it’s still not easy to just spend.

“I think the right word to say is it’s more to optimise, or to rotate, or to reshuffle the squad, because some players may go after a long time, some players may come, some young players may grow up, and we will have a new team for sure. We will maybe have some changes for the squad and we are aiming for having a better squad.

“However,