BREAKING: Wolverhampton Wanderers Chairman Jeff Shi Steps Down After 10 Years at the Club — Stunning Exit Announced Just Minutes After Saudi Takeover
In a shocking twist that has sent ripples through English football, Wolverhampton Wanderers chairman Jeff Shi has officially announced his resignation, ending a decade-long tenure that reshaped the club both on and off the pitch.
The announcement came just 10 minutes ago, following confirmation of the $2.1 billion Saudi-led takeover of the club from Fosun International. Sources close to the situation reveal that Shi’s decision to step down is directly linked to the ownership transition, marking the close of a remarkable chapter in Wolves’ modern history.
Shi, who first joined Wolves under Fosun’s ownership in 2016, played a pivotal role in transforming the club’s fortunes — overseeing promotion to the Premier League, a return to European competition, and major infrastructure developments at Molineux.
In his official statement, Shi thanked fans, players, and staff for their “unwavering loyalty and belief,” describing his time at Wolves as “the honor of a lifetime.” He expressed confidence that the new ownership would “take the club to even greater heights” and reaffirmed his enduring support for the team.
The Saudi Prince leading the consortium is expected to appoint a new chairman in the coming days as part of a wider structural overhaul. Insiders hint that the new leadership plans to inject significant investment into player recruitment, facilities, and global branding, signaling the dawn of a bold new era at Molineux.
Jeff Shi’s departure closes one of the most successful — and transformative — periods in Wolves’ 147-year history. His legacy will be remembered for laying the foundation on which the club now stands, poised for a potentially explosive new chapter under Saudi ownership.
