Travel operator Thomas Cook said it had agreed the main terms of a rescue package that will see Hong Kong’s Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline.

Wolves have never hidden their ambitions. At a business breakfast event in the city in September 2018, then-managing director Laurie Dalrymple spoke of his pride at Wolves’s progress over the previous two years.

Shares and bonds in Thomas Cook have rallied since a media report said the British travel company was approached by several parties about a possible takeover of its tour-operating unit or the entire business.

The most significant football event of the year may have been a meeting in Shanghai last week.