Wolves Chairman Jeff Shi Steps Down Amidst Chaos

Jeff Shi has resigned from his position as executive chairman of Wolves, marking the end of a tumultuous period for the club. Despite overseeing some successful seasons, including two seventh-place finishes in the top flight, the team's current performance has led to significant fan discontent and protests against owners Fosun. The club is now at the bottom of the Premier League, facing a serious threat of relegation after a dismal start to the season.

Under new boss Rob Edwards, Wolves' struggles have been compounded by what is described as shambolic summer recruitment. With only two points secured from their initial 16 matches, the team requires a significant turnaround to avoid dropping out of the top division. This dire on-pitch situation has fueled off-pitch unrest, with supporters expressing their dissatisfaction with the club's direction and ownership.

Nathan Shi, a representative associated with Fosun's portfolio company Club Med and formerly an executive assistant to Fosun chairman Guo Guangchang, has been appointed as the interim executive chairman. He steps into the role with the stated aim of building on the club's collective efforts and guiding Wolves to greater success, amidst ongoing questions about the club's future strategy and ownership intentions.