Express & Star

Wolves will be a part of Fosun forever, says Jeff Shi

Jeff Shi insists Fosun will back Wolves 'forever' as he hailed the club as a special asset to the multi-billion pound business.

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The Chinese company have owned Wolves for the past three seasons, with the one just gone including a rise to seventh in the Premier League and a run to the FA Cup semi-finals.

And Shi, Wolves' chairman, insists Fosun head Guo Guangchang – whose net worth is $6.2billion as of January 2019 – feels things are just getting started.

"I think we can see that football is special. Fosun can have many assets in the portfolio and some of them are much bigger than Wolves, but you see Wolves can give Fosun a lot of marketing exposure to the media and public," said Shi.

"Football is a special thing, and it's special for us.

"We had a discussion with chairman Guo and I asked him, 'if Wolves win everything in the world, will you sell it at a good price?'

"He said 'No, I will keep Wolves in Fosun forever.'

"Now it looks like Wolves will be becoming a kind of legacy for the Fosun group, so it's not like something we buy and sell."

Shi's words come as a big boost as Wolves aim to build under Nuno Espirito Santo.

A Europa League opportunity will arrive if Manchester City win the FA Cup final against Watford on Saturday too.

"In Fosun, we have some assets maybe where we'll buy and sell, but some assets are very crucial assets which we'll keep forever," said Shi.

"I think Wolves now is in the group where we will keep it forever.

"So, if we keep it forever, it means we'll try to keep investing, try to make the club better and better in the future.

"Also, our aim will not change, because if you want to keep it forever, you have to help the club to be the best.

"So that's what my view is from the group and I think that won't change.

"Maybe at the beginning we just bought the club and we have a test of what will happen, but now I am sure it's so important to us."