Former Crystal Palace investor John Textor has lodged a £400 mln offer to buy Wolverhampton Wanderers, as pressure grows on current owners Fosun after the club’s winless start left them bottom of the Premier League.
The proposal is understood to comprise around £150 mln in cash and £262.6 mln in shares. Club sources maintain Wolves are not for sale, saying they are exploring outside investment instead.
Sunday’s injury-time defeat to Burnley sparked loud protests at Molineux, with chants aimed at both Fosun and head coach Vítor Pereira. Wolves are the only side across England’s top six divisions yet to...