Wolverhampton Wanderers keeper John Ruddy has said that the side's Chinese owners Fosun International have a better understanding of how to run the club one year down the line.

Fosun acquired the Midlands outfit for around £30m last summer and had a frenetic first year in charge, dispensing of three managers and bringing in 16 players over the course of the season, only four of whom now remain in the first team.

Experienced stopper Ruddy moved to Molineux on a free last month and, despite the club having already brought in 11 new faces this summer, he believes that they have learned from the mistakes of last season.

"Since I've been here it's been absolutely fine – there's no circus or anything like that," he told the Wolves website. "The group that own the club are obviously successful. They want success from their investment. Last season they were probably a bit too forceful in their demands because of what they were getting into.

"I think they've realised that, they've slowed down a little bit, they've found a formula that works, they've done their research and found a manager they think will be a progressive help towards what the club want to achieve.

"It's the same with players – you have to do your homework and be patient. Football is a process – you don't get overnight success. It's building blocks for not six months down the line, or a year, it's two, three four years, you have to have a longer-term plan.

"I think everyone in the club is realising that now."

Wolves begin the new season at home to Middlesbrough this afternoon.