Wolves majority owners increase shareholding

Peak6 Investments has sold its minority stake in the holding company that operates Premier League football club Wolverhampton Wanderers.

According to multiple reports, Chinese conglomerate Fosun’s sports subsidiary, Fosun Sports has acquired back the minority stake from Chicago -based investors Peak6.

The deal is reportedly values at $50m (£39m).

Fosun Sports secured the investment from Peak6 three years ago in an effort to grow the club and Wolves Esports across the US, describing the move as an opportunity to help ‘accelerate the club’s growth in North America by providing capital, expertise, visibility, and activation opportunities.’

Peak6 Investments is no stranger to football having previously owned stakes in AS Roma and AFC Bournemouth.

The firm’s director, John Makowiec, became a director of Wolves at the time of the investment but will now step back following Fosun’s acquisition.