a month agoFosun International keen to sell stake in Wolves

October 28, 2019

first_imgFosun International keen to sell stake in Wolvesby Paul Vegasa month agoSend to a friendShare the loveFosun International are seeking fresh investment in WolvesBirminghamLive reports the Chinese conglomerate took control of Wolves three years ago after buying out Steve Morgan and the club’s ascent towards the upper echelons of English football under their ownership has been rapid.Since appointing Nuno Espirito Santo as head coach in 2017 Fosun have bankrolled transfer deals totalling in excess of £180million, including the £32.6million club-record acquisition of Mexican forward Raul Jimenez from Benfica.Owner Guo Guangchang is believed to be willing to give up a stake in the club whilst retaining overall control.It’s being reported elsewhere that Fosun value Wolves at £350million and are open to negotiating the sale of a 20 percent stake with potential investors. TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img

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