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Wolves takeover: Reports that Fosun International will buy club within two weeks

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Chinese investment company Fosun International will buy Wolves in a £45m deal within two weeks, it has been reported.

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The conglomerate have close links to super-agent Jorge Mendes, who it's thought will play a big role in recruiting players to Molineux.

A report in the Telegraph on Tuesday evening suggested that Fosun, and not billionaire Robin Li, were behind the takeover.

The deal is said to be at an advanced stage.

Wolves remain tight-lipped on any speculation, but an ongoing halt to any incoming transfer activity has been in place for weeks, suggesting a deal is imminent.

Spanish boss Julen Lopetegui has been linked with the manager's job at Molineux since reports of a takeover emerged over three weeks ago.

Lopetegui was said again today by Spanish newspaper AS to be preferred choice of the Spanish FA to replace Vicente Del Bosque as Spain boss.

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Fosun was launched in 1992 by five graduates from Fudan University including its current chairman, Guo Guangchang.

The firm initially invested money in real estate and the healthcare industry but soon expanded internationally and moved into fashion and tourism, spending $30bn in 20 years buying up firms around the world, mostly in the US and Europe.

Cirque du Soleil and French resort brand Club Med are among their many interests.

If fierce rival Albion's takeover - believed to involve Chinese investors - goes ahead then three West Midlands clubs could find themselves under new Chinese ownership in the space of two months, after Dr Tony Xia's recent takeover at Villa.

Chairman Guo, aged 49, is China's 17th-richest man with a net worth of £3.7bn.

Last December he was reported to have mysteriously disappeared amid suggestions he was being questioned by police over a corruption inquiry.

Shares in the group's companies were temporarily suspended.

In January a subsidiary of Fosun - Foyo Culture and Entertainment Co Ltd - signed a partnership deal with Portuguese agent Mendes' Gestifute agency, which houses the likes of Cristiano Ronaldo and David De Gea.

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