Wolves are lining up a lucrative pre-season tour of the United States after the club’s owners Fosun 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. Wolves reported a pre-tax loss of about £37million in the year ending May 2020 as the club’s balance sheet was punctured by Covid-19.