Wolves FC Set for Saudi Takeover as Fosun International Sells Majority Stake
Wolverhampton, England – In a landmark deal that could reshape the landscape of English football, Wolves FC is on the verge of being acquired by Saudi Arabian billionaire Mohammad Abdullah Abunayyan. Fosun International, the Chinese conglomerate that has owned the club since 2016, has agreed to sell its 80% stake to Abunayyan in a deal that values the club at a staggering €6 billion.
Mohammad Abdullah Abunayyan, the founder and Chairman of the Board of Directors of ACWA Power, a global leader in clean energy, water desalination, and green hydrogen projects, has expressed his commitment to transforming Wolves into one of the top teams in the English Premier League (EPL). The acquisition marks a significant investment in the club and signals a new era of ambition and potential success.
Under Fosun International’s ownership, Wolves achieved promotion to the Premier League in 2018 and secured a Europa League quarter-final spot in 2020. However, the club has faced challenges in recent seasons, and the new ownership is expected to bring fresh impetus and resources to propel Wolves to new heights.
Abunayyan’s vision for Wolves includes significant investment in the squad, infrastructure, and youth academy. He aims to attract top talent from around the world and establish Wolves as a consistent contender for major honors. The deal is subject to regulatory approvals from the Premier League and the Football Association, but is expected to be finalized in the coming weeks.
The potential takeover has already generated excitement among Wolves fans, who are optimistic about the future of their club under the new ownership. The investment from Abunayyan could transform Wolves into a major force in English football and bring unprecedented success to the club.
