Wolves executive chairman Jeff Shi asserted that the club is “financially quite healthy” and that a potential relegation would not result in widespread job losses, due to their conservative, non-gambling approach to finances.
Wolves executive chairman Jeff Shi has insisted the club would remain financially stable and avoid staff cuts, even in the event of relegation from the Premier League.
The under-fire chief, whose side is marooned at the bottom of the table with just two points from 15 games, stated that while changes would be necessary, “people should not worry about losing their jobs.”
Speaking to BBC Radio WM, Shi emphasized the Molineux club’s cautious financial planning despite their precarious league position.
He directly assured staff and supporters: “I have to make sure financially it’s quite healthy… And even in the case we go down, I think we are still okay. I think we have no problem.”
The chairman attributed this projected stability to the club’s consistent philosophy on spending. Shi added that the club operates conservatively, declaring, “We are quite cautious, we are conservative, for the financials – we never gamble.”
This approach is designed to maintain the club’s structural health regardless of league status.