The crowded Billy Wright pub in Wolverhampton, a working-class city in Britain’s West Midlands, is an unlikely jumping off point for President Xi Jinping’s global mission to boost China’s influence.
Yet, as Kevin James drinks with fellow Wolverhampton Wanderers fans in the pub close to the football club’s Molineux ground, he pays tribute to the Chinese conglomerate that bought the team in July 2016. It has pumped in tens of millions of pounds, bought foreign players, cut ticket prices and catapulted the club, which last won a major trophy in 1980, to the top of the second tier of English football.
Fosun’s £45m ($58m) purchase
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