Championship: Chinese conglomerate Fosun buys 100% of Wolverhampton FC (£45m/€53.9m)

Fosun, one of the largest private conglomerates in China, acquired 100% of Wolverhampton Wanderers FC (Championship), announced the club on 21/07/2016. The statement did not reveal the amount of the transaction, which the BBC and the Financial Times estimated at £45m (€53.9m).

"“We are delighted to have completed the deal to become the new...