19 Jul 2016 22:24:00
Just Spotted this in tomorrows Telegraph:------


Wolverhampton Wanderers are being sold to Fosun International, a Chinese conglomerate with ties to agent Jorge Mendes, in a £45million deal.

Mendes, whose clients include Cristiano Ronaldo, Jose Mourinho and David De Gea, and Fosun are close to completing a buy-out of the Championship club within the next fortnight, with sources claiming it could even be sooner.

It was initially thought, via reports from Spain, that Chinese billionaire Robin Li was fronting the takeover bid but the Telegraph understands Fosun is behind the deal.

1.) 19 Jul 2016
19 Jul 2016 22:32:55
Fosun valued at $7.7 billion.

2.) 19 Jul 2016
19 Jul 2016 22:36:31
If this true could be intresting times ahead esp if mendes is promoting his players to us.

3.) 19 Jul 2016
19 Jul 2016 22:39:50
Fosun also own part of Cirque de Soleil so we definitely could be part of a circus soon!

4.) 19 Jul 2016
19 Jul 2016 22:41:10
From a scouse crook to a chinese crook you couldn't make this up really. I took this from Fosun has spent about $30 billion in the past two decades outside China, mainly acquiring insurance and real estate assets in Europe and the United States, as well as making investments in the likes of tourism group Club Med and Canada's Cirque du Soleil.

Despite building up hefty debts in the process, Guo made clear his continuing interest in consumer-led sectors, saying they offered strong value.

"We see more and more opportunities globally so we are adapting our strategy, " Guo, who has been ranked as China's 17th richest man, said during a visit to Portugal where Fosun bought market-leading insurer Fidelidade in 2014.

"Our target for the next five to 10 years is to become the world's leading service provider for individuals and families in terms of health, wealth and happiness, " he said.

"In the sectors where we have invested we will become a very important international insurance group and a very important tourism group, and we will become a world-leading healthcare provider, " he added.

Last month, Moody's credit rating agency restored its outlook on Hong Kong-listed Fosun International's Ba3 credit rating to stable from negative, reflecting its expectation that the group "will prudently manage its expansion and strengthen its financial discipline".

Guo said the company was working hard to reduce debts and obtain an investment grade rating - three notches above Ba3 - "as soon as possible", adding: "We are working on that and have a very clear plan to do that. "

Moody's noted last month that Fosun had slowed its overseas acquisitions since the second half of 2015, lowering its cash needs, although the agency also said its rating could come under pressure if it continued ambitious debt-funded growth.

reuters.

5.) 19 Jul 2016
19 Jul 2016 22:42:04
The guy who ows fosun is worth 7.3 billion so room for investment.

6.) 19 Jul 2016
19 Jul 2016 22:44:00
Another two weeks but could be done sooner. Oh dear lol.

7.) 19 Jul 2016
19 Jul 2016 22:56:13
This is the part that worries me most of all, I wonder exactly how much debt they have? This has got to be another of Moxey;s total **** ups!
Moody's noted last month that Fosun had slowed its overseas acquisitions since the second half of 2015, lowering its cash needs, although the agency also said its rating could come under pressure if it continued ambitious debt-funded growth.

8.) 19 Jul 2016
19 Jul 2016 23:03:28
Doesn't appear that any enquiries uncovered evidence of problems. But the fact that head of Fosun Guo Guangchang was taken in for questioning over corruption concerns may have triggered the fit and proper owner test. This may then have slowed down the sale. Interesting development if true.

9.) 19 Jul 2016
19 Jul 2016 23:06:48
Looks like we are about to get the big news and people still moaning, only wolves fans can do that haha embrace it and enjoy the ride its going to be mental, let's all have a disco let's all have a disco na na na nah na na na nah.

10.) 19 Jul 2016
19 Jul 2016 23:07:16
Can't see how would pass fit n proper tests also is morgan really that stupid would risk selling to someone who potentially could get done for fraud this has be a non starter.

11.) 19 Jul 2016
19 Jul 2016 23:24:51
Have a beer karlis and stop pant wetting, embrace it :)

12.) 20 Jul 2016
19 Jul 2016 23:57:29
George the guy is a crook but then like they say it takes one to know one, from a scouse crook to a chinese crook lol and if what is printed about the guy is true then there is no way he will pass the fit and proper test end of!

13.) 20 Jul 2016
19 Jul 2016 23:59:25
George did you read this bit on my above post
Debt-Funded Growth.!

14.) 20 Jul 2016
20 Jul 2016 02:19:44
It depends where the debt is owed, the Chinese State have more Western money than they know what to do with, I guess Fosun debt might be in State business loans, which might not be same debt issue as we understand it?

And yep, I struggle to see how this could get past fit and proper test if there's any substance to those charges. I wonder if the next Chinese group in Derbywolf's chain is Robin Li?

15.) 20 Jul 2016
20 Jul 2016 04:53:56
Lol another bham owner in the making. authorities already on his case. question is how can he pass the fa ownership if there even is a whiff of dodgy dealing.

16.) 20 Jul 2016
20 Jul 2016 07:51:47
I sure did karlis and I understand your worries but these guys are huge and if they pass all the relevant tests then i'm on board :)

17.) 20 Jul 2016
20 Jul 2016 07:53:02
Ndah the guys a crook. have a disco when the same thing happens to wolves as it did to birmingham. na na nah lts all have a disco.

18.) 20 Jul 2016
20 Jul 2016 08:05:53
Fosun is well known but comes with considerable risks . The Chinese are building a new empire . At Wentworth golf club a different Chinese group raised the Chinese flag and lowered the Union Jack. There will be some cash but their longer term commitment is unclear particularly if things go less well . However any investment improved our current position .

19.) 20 Jul 2016
20 Jul 2016 09:13:24
Are you working for the chinese FBI Demon, where is the evidence to suggest he is a crook?

20.) 20 Jul 2016
20 Jul 2016 09:58:43
Read about it. do your home work. there's enough on here saying the same. and I for one don't believe it will ne the fosum group. I still nelieve the spannish geezer who gave us robin li.