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Mendes-back Molineux takeover?

12-July-2016
12-July-2016 21:09
in General
by Admin

Super-agent Jorge Mendes and Chinese businessman Robin Li are on the verge of completing a takeover of Championship side Wolves, according to reports.

The takeover bid, believed to valued at £40million, is due to be finalised before the start of the forthcoming season and, according to the Daily Telegraph, could spell the end of current manager Kenny Jackett’s tenure at Molineux.

Li’s consortium is understand to be in advanced due diligence as Wolves stand on the brink of becoming the second Midlands club to be taken over this year, following Dr Tony Xia’s capture of Aston Villa this summer.

Former Porto manager Jolen Lopetgui, whose agent is reported to be a close associate of Mendes, is reportedly being lined up to replace Jackett as manager, while Mendes is understood to have recommended players to Wolves’ head of recruitment Kevin Thewell.

The Midlands club hope to have the deal completed before they kick off their Championship campaign away to Rotherham on August 6.