SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024 14:34
It is reported that Chinese conglomerate Fosun International is behind the impending £45m takeover of English Championship side Wolverhampton Wanderers.
Earlier this year, Fosun teamed up with Gestifute, the Portuguese football agency founded by Jorge Mendes, agent of Jose Mourinho and Cristiano Ronaldo.
Although Baidu CEO Robin Li was widely believed to be behind the purchase of the club, The Telegraph claims that Fosun is poised to complete the deal within the next fortnight.
At the same time, it is reported that former Porto manager Julen Lopetegui will replace Kenny Jackett as manager once the takeover is finalised, while Mendes is expected to have an active role in recruitment moving forward.
Mendes is already thought to be considering a host of transfer targets, including the likes of Anderson Talisca, Pele and Helder Costa from Benfica.
Fosun will also support the new manager with a considerable transfer budget in order to restore Wolves to the Premier League at the earliest opportunity.
Source: The Telegraph
Proofread by Sean O Diobhilin
Interview with Thomas Lund: to follow new trends and bring younger generations to the sport
17 Jun 2024 16:00
Related coverage
Snooker World Cup 2015 gets title sponsor
11 Jun 2015
China Digital, Jay Chou to set up e-sport gaming company
18 Feb 2016
Why companies so eager to sponsor NBA stars?
26 Jun 2015
Deal missing and annual loss haunt Li Ning
20 Mar 2015
Hisense releases official TV set for 2018 FIFA World Cup
24 Apr 2017
More from Yutang Sports
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
SPORTACCORD 2024 INSIGHTS: How Gaming is Changing our World
07 May 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024
Yutang Sports
loading...