Date:Friday August 24 2012
Wolves gaffer Ståle Solbakken set for spending spree.
If reports are to be believed Wolves will eventually receive around £10,750,000 for the sale of Matt Jarvis to West Ham United and £14,000,000 for the sale of Steven Fletcher to Sunderland.
The duo were both at their new clubs yesterday discussing personal terms and holding medicals after Wolves agreed fees for both of them.
Some of that money will be drip fed into the Molineux bank account as they include various add-on clauses probably related to appearances, goals and international appearances (or hopefully not in regards to Fletcher).
While some of the money will also be heading straight back out with Burnley due a sell-on clause to the value of 15% of the profit that we have made on Fletcher, while Gillingham are also due a sell-on for the sale of Jarvis.
But that should still leave a hefty junk of profit left over for Wolves and some of that will obviously be re-invested into the squad or at least Ståle Solbakken hopes so!
"If we want to compete, then we have to spend some of that money because you can`t replace Fletcher with one player and say someone will do the same job he would have done." he told the Express.
You would also have to assume that he was only discussing the Fletcher deal at the time, because not many would think that Jarvis is easily replaceable either and the gaffer must surely be looking at bringing in at least two new faces with the cash?
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Date:Friday August 24 2012
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