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The major ultimate shareholders of Wolverhampton Wanderers Football Club are Chairman of Fosun Group Guo Guangchang, CEO of Fosun Group Wang Qunbin and Liang Xinjun, who between them indirectly own the majority shareholding in the club.
Since 2016, the club has been owned by the Chinese conglomerate Fosun International. Formed as St. Luke's F.C.in 1877, the club changed name to Wolverhampton Wanderers two years later and became one of the founding members of the Football Leaguein 1888.
- When Did Fosun Become Wolverhampton Wanderers’ Owners?
- What Have Wolves Won Since Fosun Became The Club’S Owners?
- What Other Sports Franchises Does Fosun own?
- How Much Is Fosun Worth?
Morgan agreed to sell Wolves to Fosun and end his tenure as the club’s owner in July 2016 for £45m. The Chinese conglomerate headquartered in Shanghai also guaranteed it would invest £20-30m over its first two years as the owners. Jez Moxey also stood down as Wolves’ chief executive after 16 years. Fosun’s takeover ended Morgan’s 10-month search fo...
Fosun’s tenure as the owners at Molineux is yet to add a major title to Wolves’ trophy history. The West Midlands natives’ only success under the Chinese conglomerate so far remains their 2017/18 Championship title. But Nuno Espirito Santoalso guided the club into Europe for the 2019/20 term. Nuno steered the Wolves ship to successive seventh-place...
Chinese investors first established Fosun in 1992 and it now operates in 16 countries. But it was not until the 2010s that the conglomerate became the powerhouse investing group it is today. It spent billions acquiring assets in the USA and Europe covering healthcare, tourism, fashion and banking. Now, the conglomerate has stakes in the asset manag...
According to Forbes, Fosun International had an asset value of $126.5bn (£101.5bn) in 2022. It listed the Chinese conglomerate as the 590th most valuable group in the world that year. While it boasted a revenue of $25bn (£20bn) and registered a profit margin of $1.6bn (£1.3bn) over the year of 2022.
Jun 28, 2022 · Three years ago Wolverhampton Wanderers owners Fosun unveiled their vision for Molineux’s redevelopment.
- Alex Dicken
The grounds were sold to the Northampton Brewery in 1889, who rented its use to Wolverhampton Wanderers, who had previously played at Dudley Road. After renovating the site, the first-ever league game was staged on 7 September 1889 in a 2–0 victory over Notts County before a crowd of 4,000.
Mar 24, 2022 · Wolverhampton Wanderers owners Fosun International have announced a rise in their profits for the year of 2021. A profit of £1.2billion has increased 26 per cent from 2020 and the revenue for...
Aug 4, 2023 · Wolverhampton Wanderers chairman Jeff Shi has written an open letter to fans saying the club's Chinese owners Fosun are committed to delivering success. Shi wrote Fosun have no intention...
