John Textor recently tried to acquire Wolves, as the American business owner sent a bid to Jeff Shi over the last few weeks, and now how much Fosun expects to receive should they sell has been revealed.
Response to a potential takeover by Textor was mixed, with many fans simply wanting Fosun gone and others wary of the American’s past behaviours in football clubs.
However, the news of John Textor’s bid certainly sparked excitement at the possibility that Fosun could finally be replaced.
Now, how much the club could potentially be worth should a sale ever happen has been revealed by a new report.
Wolves’ valuation in the eyes of Fosun
Fosun bought Wolves in 2016 for just a reported £45 million, and now their investment seems to have increased tenfold.
During their era, there have been good times. Promotion to the Premier League in their first couple of seasons and a run in the Europa League followed, but then progress seemed to halt, and in the eyes of fans, the ambition faltered.
Supporters are not happy with their current ownership and would love nothing more than to see them sell off their shares.
Recently, fans felt Gary O’Neil was spot on when discussing the importance of club structure amid calls for Fosun to leave Wolves.
And now the expected value of the club has been reported.
In a report by BBC Sport journalist Nick Mashiter, the current expected value of Wolves was revealed, as it stated, “The club would expect to be valued around £500m, and it is estimated Fosun have sunk around £250m to £300m in transfers and running costs since taking over.”
Of course, this means the recent Textor bid fell way below the perceived valuation. His bid of $200 million (£152 million) in cash and a further $350 million (£266 million) in shares in the American businessman’s multi-club group equalled just £418 million in total, and if Fosun were to sell, they would likely want to be fully out and not given different shares in the club.
Even if a bid that matched that value arrived, there is also the question of if the owners wish to sell, which could cause an issue.
Fosun have no plans to sell Wolves
Unfortunately for fans, it appears that the Chinese ownership has no current plans to sell the club.
Even if the Old Gold fall into the Championship, relinquishing control is not something being considered, according to the BBC.
The board’s popularity has not been high over the last few seasons, and this campaign it is reaching boiling point.
There are constant chants for Fosun to sell, but the owners do not have to heed the wishes of supporters.
Instead, they seem to only want to sell a smaller stake of around 20% in any deal involving the shareholders at Wolves.