PEAK6 Investments have bought a minority share in Fosun Sports, Wolves club website has announced.
The investment makes PEAK6 a new strategic partner to Wolves, as they try to branch out into America.
Wolves’ executive chairman Jeff Shi has spoken about the new relationship, explaining how long it has been in the pipeline.
“We have been in deep conversation with PEAK6 for more than a year and we are delighted to welcome them officially to the Wolves family,” he said.
“Our organisations have great synergy, from our mutual desire to challenge conformity, our openness for collaboration, and of course our shared passion for sports, technology and achieving success through hard work, intelligence and innovation.
“Earlier this summer we announced a partnership with Evil Geniuses that saw us offer them a presence in China through our networks there, and now this partnership provides Wolves a firm foothold in all major areas of the globe: the USA and Americas, Europe and Asia.
“As well as great opportunities, we hope PEAK6 can help bring Fosun Sports and Wolves knowledge, wisdom and learning, and support Fosun Sports to become a sports industry group with global influence and much success.”
As per the Athletic, PEAK6 held a 25 per cent stake in Bournemouth, loaning the Cherries £23.7 million.
They also previously had a stake in Italian giants Roma and took control of Irish club Dundalk in 2018.
The move is part of a range of off-field developments aimed at making Wolves more profitable and sustainable to reach their goals.
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