Wolves owners could purchase KV Oostende for just €1

As reported by Het Nieuwsblad and the Guardian, Chinese investment company Fosun are interested in acquiring KV Oostende. The company also own Wolverhampton Wanderers in the Premier League and appear to be keen to add another club to their portfolio. This is not the first time that the group has been interested in the team from the Belgian coast, having been considering purchasing the club back in 2019. HNB are reporting that, should an investor be willing to clear the club’s debt, then it may cost Fosun just €1 to buy the club.

Oostende’s current American owners have come under heavy scrutiny this season, as the on the pitch performances have faltered and there have been revelations about the lack of payments to third parties from the club. This has been a pattern across the rest of the teams the American group has owned, with many of them having been relegated from their respective leagues.

Oostende could go the same way. The side are currently in the relegation zone, three points from Eupen and safety.

GBeNeFN | Ben Jackson

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