Fosun sticks with Wolves amid exodus of Chinese owners from English soccer

Fans urge conglomerate to step up investment as team faces Premier League relegation

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Wolverhampton Wanderers' Rayan Ait-Nouri reacts during another defeat in the English Premier League on Jan. 6, 2025 © Reuters

JOHN DUERDEN

SEOUL -- In December, Wolverhampton Wanderers was near the bottom of the English Premier League, meaning the club was at risk of dropping out of the world's most popular and lucrative soccer league. As often happens in the cutthroat world of elite football, the head coach paid the price: English manager Gary O'Neil was replaced by Portugal's Vitor Pereira.

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