Jeff Shi provides an update on Fosun’s stance at Wolves as search goes on for potential investors.
An update on Fosun’s plan for Wolves for the upcoming years has been given by Jeff Shi, who mentioned that the team is looking for more investors.
At Molieux, hope is at an all-time low following a challenging Premier League season.
The team is winless in the league this season and is experiencing a terrible run with only two victories in 18 games in all competitions.
In order to address many of the concerns raised by Wolves supporters, including an update on possible investors, Shi has so come out and finished an interview.
Fosun are ‘still committed to Wolves’ but seek additional investment
It’s safe to assume that Wolves has found it difficult to compete in the transfer market with other Premier League teams in recent years.
The Old Gold has had positive net spend during the last two summer transfer windows despite the lack of significant new additions.
PSR was thought to be the source of this, but Shi has now clarified that Wolves were never in danger of breaking the financial regulations.
Although the Molineux supporters will undoubtedly be incensed by this news, the chairman has now made an effort to calm them down by indicating that Fosun is seeking to bring in additional investors.
“We have been speaking with groups about minority investment and there is plenty of interest,” he said in an interview with The Telegraph.
“We are currently engaged in a very active process to bring on additional investors.”
But Shi also says that Fosun has never been an owner to spend for pleasure, refuting rumours that Fosun is ready to sell Wolves. They are not like that by nature.
They constantly work to strengthen the squad here while also making the necessary investments to provide the club with a foundation and leadership group.
The strategy is to use the financial infusion, teamwork, and intelligence to create something long-lasting. That is the owner’s, chairman’s, and group’s standard procedure.
Wolves cannot afford to stand still while Fosun search for minority investors
Shi’s latest remarks may seem familiar to many Wolves supporters, and they are not incorrect. It has become widely known in recent years that Fosun is seeking to bring in a minority investor.
The Times published a similar story in 2022, but not much has changed nearly three years later.
Wolves, in the meantime, have regressed. The Steve Bull Stand is now much below Premier League standard, and there has been no update on Molineux’s improvement for years. The starting lineup is also noticeably weaker.
Fosun needs to understand that their current policy will soon lead to relegation, and the beginning of the current campaign ought to have served as the necessary wake-up call.
Rather, supporters will become even more enraged by Shi’s recent interview.
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