Wolverhampton Wanderers

Jez Moxey: 'Fosun International plan long-term stay at Wolverhampton Wanderers'

By Darren Plant, Senior Reporter | 25 July 2016

Departing Wolverhampton Wanderers chief executive Jez Moxey says that the takeover of the club is "very different" in comparison to the sale of other clubs.

Departing chief executive Jez Moxey has said that Fosun International see the purchase of Wolverhampton Wanderers as a "true strategic investment".

Last week, the Chinese conglomerate successfully completed a takeover of the Championship club and representative Jeff Shi has suggested that they will look to provide the funds to sign as many as eight players before the end of the summer transfer window.

At a press conference, Moxey claimed that the sale of the Black Country outfit is "very different" to that of other clubs, suggesting that the business model of Fosun International can only benefit Wolves going forward.

Moxey said: "This is very different from many of the acquisitions of football clubs that we have seen recently. Fosun International are an investment company and they see Wolverhampton Wanderers as a true strategic investment.

"They are not doing this, as so many football club owners do, to leave two years down the line. This is a strategic business decision by a huge company who are making a financial commitment which in relation to their own business is tiny.

"They are long-term investors as opposed to a long-term owner operator who may just get fed up with it after a year and a half because let's be fair, running a football club successfully is very challenging.

"These guys are in it for the long term because they realise that getting Wolverhampton Wanderers into the Premier League and keeping it there ticks so many boxes of what Fosun want to do. The business case for that is fantastic."

It was also suggested at the press conference that Kenny Jackett will remain in his position as head coach.