Wolverhampton Wanderers announced that PEAK6 Investments had acquired a minority stake in the owners Fosun Sports.
PEAK6 is a US-based finance and technology company, and they have been in talks with Fosun for over 12 months to buy shares in the sports subsidiary of Fosun International.
The share purchase and investment means that PEAK6 is now a strategic partner of Wolves, and they will promote and develop the club’s brand in the US, as well as “activation opportunities” for Wolves and Wolves Esports.
Speaking of which, PEAK6 owns Evil Geniuses, the esports company partner of Wolves and which previously held shares in AC Milan, Bournemouth and the NHL team Minnesota Wild.
Fosun Sports covers Wolves Esports, recently launched Wolves Records and Chinese fashion brand WWFC.
James Baboulas of PEAK6 has been installed on the supervisory board of Fosun Sports and John Makowiec becomes a director of WW (1990) Limited.
“We have been in deep conversation with PEAK6 for over a year and are delighted to officially welcome them to the Wolves family,” said Jeff Shi.
“Our organizations have great synergy, from our mutual desire to challenge compliance, our openness to collaboration and of course our shared passion for sport, technology and success through hard work, intelligence and innovation.
“Earlier this summer, we announced a partnership with Evil Geniuses which allowed us to offer them a presence in China through our networks there, and now this partnership gives Wolves a strong foothold in all major regions of the world: the United States and the Americas, Europe and Asia. .
“In addition to great opportunities, we hope that PEAK6 can help bring the knowledge, wisdom and learning of Fosun Sports and Wolves, and help Fosun Sports to become a sports industry group with global influence and much of success.”
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