Source: REUTERS/Phil Noble
[Saba Sports News] According to British media reports, Fosun Group is seeking to offload a portion of its shareholding in Wolves to raise funds for further acquisitions. Reports allege that Wolves have engaged a US bank to facilitate the sale of a stake in the club, aiming to bolster their squad and navigate around Financial Fair Play regulations. Frustrated by the Premier League’s financial constraints, Wolves are eager to enhance their spending power. Last summer, the club sold 17 players, generating £140 million to avert regulatory breaches. Now, with new coach Gary O’Neil facing financial constraints, Wolves are hopeful of strengthening their squad during the current transfer window. While Fosun Group, the club’s Chinese owners, intend to maintain their involvement, they are also exploring partnerships for additional support. Wolves are among six Premier League clubs seeking investments to maintain competitiveness in the top tier. Tottenham Hotspur, West Ham United, and Brentford are reportedly seeking new funding through Rothschild, while Crystal Palace has enlisted the Rennes Group to explore selling its 45% stake in the club.