The Athletic’s Wolverhampton Wanderers correspondent Tim Spiers has claimed that Fosun International are still committed to the Old Gold.
Back in the summer of 2016, the Chinese conglomerate bought 100% of the club’s shares from Steve Morgan in a deal believed to be worth around £45m (per BBC).
Since their takeover, Nuno Espirito Santo’s side were promoted from the Championship as champions and recorded back-to-back seventh-placed finishes in the Premier League (per Transfermarkt).
However, club-focused account @WolvesFirst shared a tweet on Monday stating that a ‘very good source’ claims there are ‘financial issues’ at Wolves, and Fosun have ‘a diminishing interest’ in the club.
During the latest episode of The Athletic’s The Molineux View podcast, Spiers discussed the Twitter post and claimed that the club’s owners are still committed.
He said: “In terms of Jeff [Shi’s] interests and Fosun’s interests, [it is] absolutely not [diminishing].
“From the conversations that I’ve had, they are very much looking to the long term for the whole club and the Wolves brand.
“It’s not just the first team anymore, it’s eSports, it’s fashion; they’re looking to build Wolves as an identity and a club over many years, ultimately, to make money.
“You can’t forget that when you’re thinking about anything in terms of transfers or anything – they’re here to make money and make this club profitable.
“So, there are lots of things to get used to. We’re not used to Wolves being run like this, but they firmly believe that they’re on the right track, in the long term, with everything that they’re doing.”
TIF Thoughts on what Tim Spiers said about Fosun’s interest…
As can be seen in what the reporter had to say, he believes that the Old Gold’s owners are still firmly committed to the long-term plan which they have at Molineux.
Are you still 100% behind Fosun's ownership of Wolves?
Yes, they're great owners
No, I'm having doubts
This will likely come as a big claim for Wolves fans, as they have seen such a meteoric rise since the Chinese conglomerate took over the Midlands club.
It may also come as a relief, too, as Nuno Santo’s side appear to be struggling in the Premier League this season as Wolves have won just six of their opening 19 league games.
So, if the owners are still committed, then you would hope they will provide the means for a turnaround in results, rather than let poor form continue.