THE owners of Wolves are facing the prospect of losing £1billion from the collapse of Thomas Cook.
The iconic British travel company went bust on Monday after failing to secure a £200m investment to keep them in business.
Now the Mail have revealed that the biggest single shareholders in the crippled organisation were Fosun International – the owners of Wolves.
The Chinese conglomerate held an 18 per cent stake in Thomas Cook having started snapping up shares in them in 2015.
It is claimed that at one stage that investment was valued at over £1bn.
The club have insisted that any losses incurred from the collapse of Thomas Cook would have no impact on the footballing operations at Molineux.
But it has also emerged that Fosun are actively looking for investment from other parties, and are willing to sell up up to 20 per cent of their holdings in the club.
That actual damage caused by the loss of £1bn would be huge to some business, but overall Fosun is well equipped to cope with such a problem.
For their overall worth is estimated to be in excess of £5bn.
Wolves have grown massively since Fosun took control of the club three years ago for £45m.
