Fosun nears howling Wolves success

Central Station | 21 Jul 2016

Wolverhampton Wanderers is set to become another English football club sold to a Chinese company.

Fosun International, a conglomerate with investments around the world including in Thomas Cook, is reportedly close to completing the takeover of the Championship club known as Wolves for 45 million (HK$459 million), according to The Telegraph in London.

Jorge Mendes, a so-called "super agent" with clients including fellow Portuguese Cristiano Ronaldo, a star player with Real Madrid, and new Manchester United Jose Mourinho, is thought to be involved in the takeover.

Aston Villa, another famous club from the English Midlands and relegated at the end of last season from the Premier League to the Championship, was sold earlier this week to another Chinese conglomerate, Recon Group, for 76.5 million.

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