WATCH: Let's make Wolves a 'world class' club, says Jeff Shi

The director, who led Fosun's £30m takeover at Molineux in July, wants Wolves to be a big club 'in the Premier League and the world' - but as far as this season goes Shi is pleading patience.

Shi is back in England after returning briefly to Shanghai after the transfer window closed.

And he has boldly said he will try his best to make Wolves as big as Manchester United one day.

"Fosun Group has a long term plan for the club," Shi said.

"When Chairman (Guangchang) Guo (Fosun chairman) came to the club they told him it's at least a 10-year plan.

"I told them Manchester United is now worth £2bn. They said 'woah, so big a club'.

"They told me Wolverhampton should be like that in the future! I told them it's high pressure but I will try my best. It will take some time.

"But our eventual goal is not like just promotion or staying in the Premier League – we want to be a very big and good club, in the Premier League and the world, and a world class club in the future.

"We understand it takes more time but we have to work hard now for now, step by step, to go forward."

Wolves sit 10th in the table after eight Championship matches. After an initial unbeaten start results have been mixed, with a 4-0 home defeat to Barnsley followed by a deeply impressive 2-0 win at Newcastle on Saturday.

Shi believes the early inconsistencies are more than understandable - and that they might remain that way until after Christmas.

He wants the team to be in and around the play-off mix in the next few months and then hopefully kick on in the New Year.

He added: "You have to be patient. For example you can lose 4-0 at home but win 2-0 in Newcastle.

"What I'm thinking I want to share with the fans is that it's a new team – it occurred to me that when you buy so many new players you can be a very good team, it takes time to develop the team, to mix them together, to find chemistry, to test the best formation.

"It always takes some time.

"So there will be ups and downs, that's very natural.

"For example I wasn't so happy after the defeat to Barnsley. But...that's a natural step to grow up.

"During the growing up you have to have some pains, some happiness but eventually you run towards the right direction and you know eventually you'll get there.

"After the defeat I talked with Walter, I talked with Danny (Batth) and Carl (Ikeme), we share the same vision.

"I told them...one defeat or one win doesn't mean anything. What we want to do is improve ourselves, step by step. For every game we should improve a little bit and eventually we'll win most of the games, so don't take it too seriously.

"I don't know if my words make some effect but finally they got it back (at Newcastle).

"The first half of the season is a period we should work together to enhance our performance gradually on and off the pitch.

"Hopefully we can be more (with) the play-off teams by Christmas, or at least very close to that.

"Then I truly believe for the second half of the season we'll be much better and more consistent than now.

"After half a year of hard work we will be more like a team, with so many good players here."

Fosun promised a £20m-£30m investment over two seasons when they arrived, and it looks like they'll more than stay true to their word after a £15m outlay on transfer fees alone before the window closed on August 31.

But Shi has made it clear that Fosun's Wolves project is very much long-term.

He added: "You can have always dreams and visions to achieve anything but the thing is, just like building and architecture, you have to have the bricks...but you have to build brick by brick. It takes almost one year to build a very high architecture.

"For the team it's the same. You should have better and more players together, but in the meantime making them a team takes more time.

"So for example I went to a Chinese restaurant in Wolverhampton, a fan was there and said 'why did we lose to Barnsley, it's not so acceptable'. But I understand that because I am also a fan.

"Sometimes for one game or two games it's very disappointing to them.

"But in the meantime I am also the management and director of the club, so I should be thinking more about that, not only for emotional things after one defeat.

"A win doesn't mean you are better – a loss doesn't mean you are worse.

"Sometimes it's the football. Improvement will be more important. We want to play better football, day by day.

"The key is to grow up and be a stronger team."

SHI ON....AWAY GAMES

"It's a very good experience for me to travel around the UK, go to away games and learn from other clubs.

"Sometimes I go to an away game to learn from the fans there.

"For example Newcastle has a huge capacity of the stadium, 52,000. It's amazing, so we should learn from them, step by step, and maybe in the future we have such a big stadium.

"Rotherham it's also a good experience because it's a small stadium but very loud – all the fans love the club very much and they almost beat us.

"For a small, middle or large club, I don't think who is better but I try to learn from them to help our club.

"In Wolverhampton it's very common when I go To the stadium or other clubs they want to take a photo with me, or sign my name on the paper.

"But the good thing is Walter has come and he has a stronger personality than me, so he took some attraction from me to him – that's a good thing for me!

"When we beat Newcastle and I went back to the park with Laurie, some Newcastle boys in Newcastle's shirt ran to me and take a photo, I don't know why!

"It's very strange. Maybe it shows we played a very good game there."

SHI ON...DANNY BATTH'S NEW CONTRACT

"I'm quite happy to sign new players because that's fresh blood to our team.

"But frankly I'm more happy to sign Danny Batth and some of the older players here – that's very important because all the fans have watched their performances for a long time and there is some very good connection between the players and the community and the city here.

"For a new owner like us, we have to show that we are very ambitious so we need new players, but in the meantime we have to tell them that we cherish the tradition here and we want to tell all the current players we're together, we're one team.

"The re-signing of Danny Batth is a very good sign and we show to everyone that we think all the work from the academy...he began his career from here...and all the work from the last few years of the club is fantastic.

"They gave us a good, solid base for future long-term development.

We are not taking over a very poor club – it's a very good club with a strong base.

"The only thing we need to put more money in to try to get new players together to make them a much better team and compete in the league."

SHI ON...WOLVES' COACHING STAFF

"Walter is a new coach here, Stefano (Cusin) also, but the good thing we have a very strong team to support them.

"For example, Rob (Edwards) does a very good job here to coordinate with the new coaches and players.

"And also Kevin (Thelwell), Laurie (Dalrymple), all the team and support coaches.

"It's not so hard for Walter and Stefano because they can speak English, they have travelled around the world for a long time and it's a new environment but the UK is a very good country and Wolverhampton is such a nice city, so it's also attractive to them.

"I don't see any huge difficulty here to settle...it's a very smooth process."

SHI ON...TRANSFERS

"At the beginning I thought five to eight players are enough. But in the meantime when we realised we had to have a very deep squad to compete in the league – it's a very long season, we may have some injuries in the future so we should have at least 26, 27 players in the squad.

"In the meantime our scouts and Kevin help us find some good talent, it's very natural that we increase the number.

"For some players it was a little bit difficult – I can't say the names! But in general it's very smooth process, it's teamwork.

"We'll work together for the whole season, day and night. The players like the facilities here and we are a very ambitious team for promotion.

"That ambition, the facilities, the coach, everything here, we have shown a very good image to the new players.

"We are a Championship but if you join a Championship club and stay here for a long time it's not attractive enough.

"You have to join a club with the ambition for promotion and also I always tell my team that promotion is a very important step, but not the last step.

"After promotion we have to go up a little more to stay in the league and try and be a very strong team in the Premier League.

"If the club has such a strategy and also the capacity and resource it that will be important to the players and coach – they know they have a very good environment here to be a very strong team for a long time.

"It's a long-term strategy."