Wolves finances remain 'strong' despite coronavirus pandemic

Matches being played behind closed doors and rebates paid to broadcasters means every Premier League club has seen revenues fall in recent months.

But China-based Guo, who is worth an estimated £4billion, believes Wolves have coped well with the crisis.

The club recently broke their transfer record with the £35m purchase of Fabio Silva from Porto, while head coach Nuno Espirito Santo has signed a new three-year contract.

Asked during an interview with Bloomberg if Wolves would require any further investment from Fosun, Guo replied: “We will assess the actual needs of the development of the club on the basis of facts.

“But so far I am happy they have told me they are still strong in terms of funds. They don’t need additional investment from us.”

Fosun have overseen a remarkable rise since buying Wolves from Steve Morgan for around £35m in 2016, with the club climbing from the bottom half of the Championship to the top half of the Premier League.

Wolves also reached the quarter-finals of last season’s Europa League, with Guo attending the home leg of the last-32 tie against Espanyol in February before the pandemic forced matches behind closed doors.

Though ownership of the club has always been regarded as an investment opportunity by Fosun, Guo admitted to being bitten by the football bug, even waking up in the middle of the night to watch matches on television.

“For us it is an investment to enhance governance,” he said. “It is not because I like soccer, so it is for my personal interest to do this. Everything is considered from a business perspective.

“But on the other hand I have become passionate about soccer as I made that investment.

“I had never woken up at 3am to watch a soccer game but now I will wake up at 3am for a game and go back to bed at 5am.”