Wolves owner testing public listing price with stake sale
29 October 2019
The club's Chinese owner, Fosun, is selling a stake in the club valued at £50-100 million, according to the Financial Times.
The stake would represent 20 per cent of Wolverhampton's equity, valuing the club at around £350 million.
Wolverhampton's owner, the Chinese conglomerate Fosun International, is trying to sell a stake in the club to test the price of an eventual public listing of the club, according to the Financial Times.
The stake is valued at £50-100 million and represents 20 per cent of the club's equity, valuing Wolverhampton at around £350 million.
We are not just trying to sell the shares to anybody
According to the newspaper, Wolves would be listed as an IPO in conjunction with other sports-related assets that Fosun owns.
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