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Wolverhampton Wanderers 'unaffected' by Thomas Cook collapse

:Headline: Wolverhampton Wanderers 'unaffected' by Thomas Cook collapse: ID:372800: from db_amp
Wolverhampton Wanderers will be 'unaffected' by the collapse of travel agent Thomas Cook, despite their owner's stake in the failed company, according to a report.

Wolverhampton Wanderers are reportedly set to be 'unaffected' by the collapse of travel agent Thomas Cook, despite their owner's stake in the failed company.

Thomas Cook collapsed on Monday morning, with thousands of staff across the world losing their jobs and numerous holiday-goers needing to be repatriated.

Chinese group Fosun, who own Wolves, had an 18.1% stake in Thomas Cook and it is expected to cost the group hundreds of millions of pounds, with many expecting that to have a knock-on effect on the Midlands club.

However, Sky Sports News reports that this will not be the case, as the investment in the travel company was just a small portion of Fosun's sizeable worldwide portfolio.

The Shanghai conglomerate bought Wolves in 2016 from Steve Morgan and they have since overseen their rise back to their Premier League and their qualification for a maiden campaign in the Europa League.

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