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John Textor Makes £400 Million Bid for Wolves as Club Says It Is Not for Sale

Wolves plan to seek external investment rather than a takeover.

Overview

  • Textor’s proposal is reported to comprise about £150 million in cash plus roughly £262.6 million in shares.
  • His approach came without prior consultation or formal talks with current owners Fosun, according to reporting.
  • Wolves are winless and bottom of the Premier League, and recent home crowds voiced anger toward Fosun.
  • Textor faces ongoing disputes, including an English court allowing Iconic’s ~£70m claim to proceed, a financing row with Ares over Lyon, and a Brazilian court order affecting his role at Lyon.
  • The American investor, who also controls stakes in Botafogo, Lyon and RWDM, is exploring other English clubs such as Charlton, Derby, QPR, Watford and Sheffield Wednesday if Wolves decline to engage.