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Chinese consortium finalise Wolves takeover for £45 million

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The Chinese football revolution continues, with Championship side Wolverhampton Wanderers becoming the latest side to benefit from Chinese money, reports the Daily Star.

Chinese consortium Fosun International have agreed a deal to purchase the club for a fee believed to be £45 million.

Manager Kenny Jackett was told last week that he will be surplus to requirements at Molineux next season, and was sent packing, with the consortium looking to bring in their own manager to help them battle for promotion.

The owners have promised to spend big, and with more money being splashed in England’s second tier than ever before, the consortium will have to cough up big money if they want Wolves to have any chance of challenging for the top 6.

Perhaps the best news for Wolves fans however is the consortium’s link to ‘super-agent’ Jorge Mendes, who is considered by many to be the most powerful man in football.

They surely will hope that Mendes will be able to bring world class talent to Molineux next season.

Happy with this Wolves fans? Let us know your thoughts and opinions in the comments below!


Aspiring Sports Journalist and Reading FC fan.

ScoopDragon Football News Network

Article title: Chinese consortium finalise Wolves takeover for £45 million

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