Wolverhampton Wanderers journalist Tim Spiers has been discussing the Fosun Group and their future in charge of the Midlands club.
This comes after Spiers recently made an appearance on a recent episode of The Athletic’s Ornstein & Chapman Podcast where he discussed a range of subject concerning Nuno Espirito Santo’s side.
On the subject of the Fosun Group and their future with Wolves, Spiers had this to say on the matter.
He said: “I don’t sense Fosun’s commitment waning at all. Like I said earlier, the question is what happens when Nuno goes or [Jorge] Mendes isn’t as interested, and it’s up to Wolves to put the foundations in place so that that doesn’t affect them too much as and when that happens.
“They have brought in a lot of people behind the scenes and I think that they’re very aware of succession planning, which is something they really need to be doing now.”
Wolves currently sit in 12th place in the Premier League table after 26 games played, winning nine, drawing seven and losing 10 in the process.
Under Fosun’s ownership, Espirito Santo was hired to take the club forward and has since taken charge of 187 games with the club, winning 93, drawing 44 and losing 50 along the way (per Transfermarkt).
TIF Thoughts on Tim Spiers’ comments on Fosun and their future with Wolves…
Back in 2016, Wolves were bought by the Fosun Group that saw 100% of the club’s shares and assets transferred from previous owner Steve Morgan to the Chinese conglomerate in a deal thought to be worth £45 million.
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Since then, Wolves have risen from finishing in the bottom half of the Championship at the end of the 2016/17 season to finishing in seventh place in the Premier League in the 2018/19 and 2019/20 seasons (per Transfermarkt).
Given the club’s progress and rise under Fosun’s ownership, the fact that Spiers has claimed that he doesn’t feel that their interest in the club has depleted despite a mixed season this year, should be very reassuring for the Wolves fans moving forward, although the word of warning from Spiers suggests Wolves may need to act swiftly.