Molineux redevelopment: Jeff Shi’s latest comments as Wolves fans await season ticket prices

Three years ago this month Wolverhampton Wanderers owners Fosun unveiled their vision for Molineux’s redevelopment.

At the end of season awards dinner in 2019, Wolves bosses unveiled images of what Molineux could look like after the planned redevelopment. Pictures included a single-tier South Bank and revamped Steve Bull and Billy Wright stands with capacity tipped to reach 50,000.

However, other than the introduction of rail seating on the South Bank, there haven’t been any major changes to Wolves’ stadium since those grand plans were revealed. Season ticket renewal prices are due to be announced imminently with supporters fearing another rise.

Fosun’s last price hike hasn’t affected attendances at Molineux with 30,000-plus regularly cramming inside the stadium throughout this season. With thousands on the season ticket waiting list, the need for a larger capacity is obvious.

But, giving his latest update last year, chairman Jeff Shi said Fosun have put the stadium redevelopment on the backburner to prioritise investing in the playing squad. Shi made no secret of the fact Fosun want Wolves to become largely self-sustainable and highlighted the financial problems caused by the coronavirus pandemic, which saw supporters barred from Molineux in 2020/21.

Shi said: “When the moment is right – I mean financially, when the moment is right – then we take the risks like this pandemic into consideration. If we think it is right to do that, we will do that.

"And it is not to make profit. If it can break-even, then it can work, but now by current calculation, it’s harder to break even. And also if we meet a year like the last year, it will be disastrous. So we have to be careful.

“Also, if you have any money spare, I think the