12 Jul 2016 00:22:58
I'm just the messenger, shoot someone else.

Wolverhampton Wanderers takeover to be announced Tuesday?

A general of view of Molineux during the League One match between Wolverhampton Wanderers and Carlisle United at Molineux on May 3, 2014
© Getty Images



By Neil Wilkes, Editor
Filed: Monday, July 11, 2016 at 23:45 UK
Last Updated: Monday, July 11, 2016 at 23:49 UK


The FA has reportedly given the greenlight to Chinese billionaire Robin Li's takeover of Championship side Wolverhampton Wanderers.

According to reports on social media, paperwork on the deal - which will see Li buy out current owner Steve Morgan for a figure believed to be between £40m and £60m - was completed on Monday afternoon.

The club is said to be planning to formally announce the takeover on Tuesday, ten months after Morgan decided to put the side up for sale.

Li's estimated fortune of £10.6 billion would make Wolves the English side with the second wealthiest full owner, behind only Premier League heavyweights Manchester City.

Rumours have suggested that Li's first act as owner will be to replace manager Kenny Jackett with former Porto boss Julen Lopetegui.

1.) 12 Jul 2016
12 Jul 2016 08:12:42
Someone just said moxey going to London today so doubt there will be an announcement.

2.) 12 Jul 2016
12 Jul 2016 08:21:12
Does Moxey need to be there, didn't Morgan put someone else in the job of brokering the deal.

3.) 12 Jul 2016
12 Jul 2016 08:37:33
Dantheman is right, he even took photos of Moxey on the train haha. Although it doesn't need Moxey to announce the takeover. Surely it would be Morgan and Li?

4.) 12 Jul 2016
12 Jul 2016 09:12:46
Thought QPR were second richest club there owner worth $14 billion.

5.) 12 Jul 2016
12 Jul 2016 10:05:49
Supernoodle Mittal of qpr is only a part owner I believe 33% which is why would make us 2nd richest in terms of full ownership.

6.) 12 Jul 2016
12 Jul 2016 10:19:30
Hednesford, that was St Paul who said that not me :)

7.) 12 Jul 2016
12 Jul 2016 10:21:16
Poxey off to London to be interviewed for vacant England Managers job.