Exclusive: Wolves takeover update today after fan protest
Wolves’ owners will be forced to accept a cut-price offer if they decide to sell the club, sources have told Football Insider.
Chinese conglomerate Fosun International has owned the West Midlands side for the past nine years, having agreed a £45million deal with former owner Steve Morgan in 2016.
There has been plenty of speculation around a Wolves takeover in recent weeks, with the ownership group believed to value the club at more than £350m.
Wolves fans protested against Fosun in their 4-1 defeat against Manchester United on Monday (8 December) as their wait for a Premier League win this season continues.
Sources say Wolves’ valuation is decreasing after every loss as relegation now appears inevitable at Molineux, with their owners likely to be forced into accepting a lower offer if they decide to sell up.
Could John Textor agree Wolves takeover deal?
Fosun is coming under intense pressure to sell Wolves following the growing anger among the club’s supporters.
Thousands of fans boycotted the first 15 minutes of the game against Man United at Molineux in protest against their owners and chairman Jeff Shi.
It’s no secret Wolves have been open to external investment, but the club have only publicly suggested a minority stake is available.
John Textor emerged as a surprise name to buy Wolves after selling his shares in Crystal Palace over the summer.
talkSPORT reported on 27 October the American billionaire had launched a bid to purchase the club, with the offer believed to consist of £150m in cash and a further £262.2m in shares.
However, finance expert Stefan Borson told Football Insider Textor doesn’t appear to be in a position to buy Wolves at this moment in time.
Textor owns majority stakes in French club Lyon, Brazilian first division outfit Botafogo and Belgian side RWD Molenbeek through Eagle Football Holdings.
Wolves owners face £200m takeover blow
Fosun has a decision to make over whether to cash in now or risk Wolves’ valuation dropping further if the club are relegated this season.
Football Insider revealed on 13 November Wolves’ value could drop by more than £200m if they are unable to preserve their Premier League status over the coming months.
Rob Edwards has so far failed to turn the club’s fortunes around since being appointed as manager last month after deciding to leave Middlesbrough.
Wolves currently sit rock bottom of the Premier League table and are 13 points from safety after 15 games.
Football Insider revealed on 2 December Wolves will lose more than £60m in revenue if they are relegated to the Championship.
The club’s latest published accounts for 2023-24 revealed their revenue stood at £177.7m.
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