The first fan protest took place during Wolves’ 4-1 home loss against Manchester United, in which supporters were encouraged to delay entering Molineux until 15 minutes into the match – a reflection on having played 15 games with only two points to show for it.
Keiran Newey, from fan group Old Gold Pack, who organised the protest, told BBC Radio WM the protest was “a culmination of not being listened to for a while.”
“We’ve sent letters, we’ve requested meetings… we’ve just heard nothing back of substantial nature.”
He described the 15-minute delay as a “first step towards a visible protest” and to “show how many people are against Fosun and Jeff Shi”.
Wolves’ 2-1 away defeat to Arsenal set an unwanted club record of nine consecutive losses, which could extend to 10 if they lose at home to Brentford.
But Newey told BBC Sport the protests go “way beyond results on the pitch”.
“Fans feel there’s a deep-rooted problem with leadership, ambition and having a plan. For years, we’ve been told one thing and seen another, with mixed messages on investment, sustainability, and the club’s direction.
“Wolves should be run with pride and ambition, but right now it feels like we’re drifting. That’s why fans are speaking up.”
Some fans were also seen holding ‘Shi Out’ banners and holding Taiwan flags – possibly a provocative nod to Wolves’ Chinese owners Fosun – though these displays were not organised by the Old Gold Pack.
The relationship between the two nations is contentious, as China sees self-ruled Taiwan as a breakaway province that will eventually be under Beijing’s control – and has not ruled out the use of force to take the island.
But Taiwan sees itself as distinct from the Chinese mainland, with its own constitution and democratically-elected leaders.
Chairman Shi described the run of results to BBC Radio WM as “maybe… one of the worst moments in the last 10 years, but still better than where we were in the Championship,” and defended the overall atmosphere at the club.
“It may sound strange but I think it’s the best time in my 10 years, where we have galvanised a group of people, elite people.
“We feel we share the same views and principles. The chemistry and communication at the moment is maybe the best I have seen.”
