Jackett meets with new Wolves owners

Wolves are set to stick with Kenny Jackett as their manager for the time being as the representative of new owners Fosun Group revealed he has held two meetings with the first-team manager.

In a press conference held at Molineux, Jeff Shi regarded that money was not an issue for the mega-rich Chinese investment firm and they would not be naive in their pursuit of returning Wanderers to the Premier League.

Doubts have been made over whether Jackett would be the man to lead them there, but Shi confirmed he has had two constructive meetings with the former Millwall manager where they agreed “five to eight players” were needed to strengthen the squad.

“All the talk has been about the squad,” Shi said, ““I like the players here but I think the squad is too small, we need left sided players, a striker, we share all the same opinions about the team.

He added: “I like Kenny – he is a good guy and very professional and I am so grateful for his support with so many rumours in the air.

“He has been very professional to carry on with his work and I will support him and try to provide him with enough players to strengthen the team.

Wolves are yet to disclose who will be appointment to the boardroom roles vacated by Steve Morgan and Jez Moxey, but Fosun’s representative did open up on his search for the right club to invest in.

“I spent a lot of time looking for a club to invest in Europe,” Shi explained.

“Over two years I have looked at more than 15 clubs and we found this club which is the right one.

“We wanted to do something in the UK and I see very good potential to help this club to the Premier League.

“We know it is a strong challenge – we are not naïve, and we know about football.

“It fits all of our standards that we wanted for our investment with the criteria here and a very good academy with so many young talents.

A positive press conference finished on a positive note with Shi not falling short of conveying the likelihood of new investment in the squad that finished 14th last season in the Championship.

“The most important thing now is the players as I want to find any chance I can to improve the team.

“We will have enough investment – don’t worry about that – but it is about finding a smart way to do it.”

Outgoing chief executive Jez Moxey accepted there had been criticisms during his 16-year operation of the club but vowed – ‘nobody could say I haven’t given my all for the club.”

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