Wolves owners Fosun buy back minority stake from US investment firm

11/06/2024 10:04 AM

Wolverhampton Wanderers owners Fosun has bought back a minority stake in its subsidiary, Fosun Sports, from US-based investment firm PEAK6. The Chicago-based company bought a stake in Fosun Sports — which owns Wolves and several Wolves-related companies including esports brands, a record company and a clothing firm — three years ago. However, Fosun has now bought the shares back for around $50million (£38.92m; €46.69m). PEAK6 Investments, led by co-founders Jenny Just and Matt Hulsizer, owners a range of companies and previously held stakes in Premier League club Bournemouth and Italian...