From the Telegraph. If it's already been posted apologies.
"Nuno Espirito Santo’s four-year reign at Wolves has ended in a surprise move initiated by owners Fosun.
The Portuguese head coach will depart after Sunday’s game against Manchester United after Fosun moved to take action following a disappointing Premier League season.
Wolves’s statement revealed the decision to part company was mutual consent, but it is understood that Chinese ownership Fosun believed his exit was the way forward after months of friction behind the scenes.
Jeff Shi, the Wolves executive chairman, started discussions with Nuno over his future earlier this week before the announcement was made on Friday afternoon, shortly after the players were given the news at the training ground."