Premier League: Jeff Shi Steps Down as Wolves Chair

Wolverhampton Wanderers executive chairman Jeff Shi has stepped down from his operational role after nearly a decade at the helm. The 48-year-old’s departure comes amid intense pressure from the Molineux faithful, with the club currently anchored to the bottom of the Premier League table.

While Shi will maintain his position as head of Fosun Sports Group, he will no longer oversee day-to-day activities at the club. Nathan Shi, a longtime Fosun executive with no relation to Jeff, has been appointed as interim chairman to navigate this turbulent period.

The leadership shakeup arrives at a critical juncture, as Wolves prepare to face Brentford this Saturday in a high-stakes survival battle. A failure to secure three points would see the squad equal Sheffield United’s dismal record for the longest winless start to a Premier League season at 17 games.

In a farewell statement, Jeff Shi expressed his gratitude and pledged his continued support for the "new management team" from a distance. Nathan Shi echoed this sentiment, calling for "unity and pride" as the club attempts to steer itself away from the looming threat of relegation.