Wolves owners buy back shares from US investment firm
Wolves owner Fosun has bought back shares from an investment company that had previously purchased a minority stake in the club.
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Peak6 Investments, an American investment firm, purchased a minority share in the Molineux club three years ago.
Now it has been confirmed that Fosun have re-purchased those shares for a figure reportedly in the region of £39million.
The Express & Star understands the purchase does not represent a significant change and Fosun remains committed to the club.
It is believed an agreement to buy back previously sold shares was built into the deal three years ago.
It is also understood that Fosun are still looking for investors in Wolves and have been for some time.
The original Peak6 investment came back in October 2021 - when it acquired a minority share in Fosun Sports, the holding entity that operates Wolves, its brands and businesses.
At the time, it was stated that the deal would help Fosun Sports 'accelerate the club’s growth in North America by providing capital, expertise, visibility, and activation opportunities for Wolves and Wolves Esports across the USA'.
