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Wolverhampton Wanderers 'unaffected' by Thomas Cook collapse

Wolves 'unaffected' by Thomas Cook collapse
© Reuters
Wolverhampton Wanderers will be 'unaffected' by the collapse of travel agent Thomas Cook, despite their owner's stake in the failed company, according to a report.

Wolverhampton Wanderers are reportedly set to be 'unaffected' by the collapse of travel agent Thomas Cook, despite their owner's stake in the failed company.

Thomas Cook collapsed on Monday morning, with thousands of staff across the world losing their jobs and numerous holiday-goers needing to be repatriated.

Chinese group Fosun, who own Wolves, had an 18.1% stake in Thomas Cook and it is expected to cost the group hundreds of millions of pounds, with many expecting that to have a knock-on effect on the Midlands club.

However, Sky Sports News reports that this will not be the case, as the investment in the travel company was just a small portion of Fosun's sizeable worldwide portfolio.

The Shanghai conglomerate bought Wolves in 2016 from Steve Morgan and they have since overseen their rise back to their Premier League and their qualification for a maiden campaign in the Europa League.

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A general of view of Molineux during the Sky Bet League One match between Wolverhampton Wanderers and Carlisle United at Molineux on May 3, 2014
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Tables
TeamPWDLFAGDPTS
1Liverpool77001851321
2Manchester CityMan City75112772016
3West Ham UnitedWest Ham7331109112
4Tottenham HotspurSpurs7322149511
5Leicester CityLeicester632185311
6Chelsea73221413111
7Bournemouth73221312111
8Arsenal63211110111
9Crystal Palace732267-111
10Burnley723210919
11Manchester UnitedMan Utd62228628
12Sheffield UnitedSheff Utd72237708
13Wolverhampton WanderersWolves7142911-27
14Southampton7214711-47
15Everton7214612-67
16Brighton & Hove AlbionBrighton7133510-56
17Norwich CityNorwich7205916-76
18Aston Villa7124811-35
19Newcastle UnitedNewcastle612348-45
20Watford7025420-162

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