By Sean Fisher

21st Jul, 2023 | 7:00am

Finance expert hails 'brilliant bit of business' from Wolves after deal agreed

Wolves taking out a £99million government loan to reduce interest rates is a ‘brilliant bit of business’ by the club.

That is the view of finance guru Dr Dan Plumley, who exclusively told Football Insider he was left ‘baffled’ that no other Premier League clubs had accepted a similar loan.

As reported by the Express & Star, Wolves secured a £99million loan in 2022 from government agency UK Export Finance.

Details of the loan were shared this week, revealing that Wolves are set to use the cash to help the club’s cash flow.

Wolves have previously secured loans from Australian financial services giant Macquarie Group, but it is understood the Premier League side have used the government loans to repay their owed fees as the £99million loan has much lower interest rates.

Plumley praised Wolves for the ‘shrewd’ deal and believes other clubs may follow suit.

“It’s a really interesting one because now we’ve seen a little bit of detail behind it, it does beg the question as to why more haven’t done it,” Plumley told Football Insider.

“It’s a really shrewd bit of business from Wolves in that regard as they have previously borrowed money from a third-party investment funder who charge high-interest rates.

“They’ve essentially cancelled that out by taking this deal on much more favourable terms and it commands lower interest rates.

“So in that regard, it really does look like a brilliant bit of business from Wolves.

“If it is available and open to others, it does leave you baffled as to why they haven’t gone down this road or whether it has just not been spotted as an option.

“But from what I’ve seen, this is a really good play by Wolves and it will help them massively in terms of handling cash flow.“

In other news, Wolves to complete Nico Elvedi signing after talks breakthrough