Express & Star

Fosun seeking new investors

Wolves owners Fosun are looking to raise around £80million to boost investment in the club.

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Guo Guangchang, chairman and co-founder of Fosun International Limited (L) meets Matheus Cunha and Maximilian Kilman

The cash would also be used to expand the Esports ventures of Fosun Sports Group, the division of the Chinese firm of which Wolves is the biggest part.

Fosun previously secured outside investment in 2021 when Chicago-based company PEAK6 purchased a minority stake in the group.

They are now seeking a fresh capital injection, though the specific amount they wish to raise has not yet been decided, according to reports which emerged yesterday.