Tuesday briefing: John Textor makes $550 million bid to buy Wolves from Fosun Group

American businessman John Textor, who previously held a 43 per cent stake in Crystal Palace, has made a $550 million offer to acquire Wolverhampton Wanderers from Chinese conglomerate Fosun Group.

The proposed deal includes $200 million in cash and a further $350 million in shares in Textor’s multi-club company, Eagle Football Group (EFG), a company which was formed by Eagle Football Holdings, to consolidate Eagles ownership of Botafogo in Brazil, Olympique Lyon in France, and RWDM Bru