Why aren't Fosun Group investing more? [Yahoo! Finance]
FOSUN INTL LTD UNSP/ADR (FOSUY)
NASDAQ:AMEX Investor Relations:
ir.fosun.com
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Source: Yahoo! Finance
The only consistent narrative on Fosun's intentions comes from the occasional statements and interviews given by their representative on the ground since the takeover in 2016, the Wolves Executive Chairman Jeff Shi. Over the last two or three years, these indications have all pointed towards the goal of being financially self-sustaining. "If a club can't find a way to be self-sufficient sooner or later, then the day its owner stops funding is literally the day it starts to prepare for administration or to be sold," he wrote in the Express and Star in May 2024. Reviewing that quote now might prompt Wolves supporters to think perhaps a sale is exactly what Fosun do want. However, Shi has never implied that Fosun wish to sell, with a reported offer from the prolific football investor John Textor in recent weeks apparently coming to nothing. They have been interested in minority investments, and allowed the American firm PEAK6 to take a share in Fosun Sports in 2021, before buy
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