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Wolves owners Fosun sell minority stake to PEAK6

Wolves owners Fosun have sold a minority stake to private equity firm PEAK6.

PEAK6, a finance and technology group based in Chicago, once controlled a 25 per cent share in Bournemouth but this holding is thought to be considerably less than that, and relates to Wolves' parent company Fosun Sports rather than the football club alone.

Yet the partnership is unlikely to lead to significant spending in the January transfer window, with Fosun still targeting extra investment.

Chairman Jeff Shi said: "We have been in deep conversation with PEAK6 for more than a year.

"This partnership provides Wolves a firm foothold in all major areas of the globe: the USA and Americas, Europe and Asia."


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