The investment makes PEAK6 a new strategic partner to Wolves, who will 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.

The Chicago-headquartered company invests globally across a diverse range of asset classes to provide strategic support to entrepreneurs and forward-thinking businesses, with core brands that include PEAK6 Capital Management, PEAK6 Strategic Capital, Apex Fintech Solutions and National Flood Services.

Furthermore, PEAK6 recently signed agreements to acquire We Insure and Team Focus as it continues to build its insurance operations subsidiary, and also boasts the ownership of esports powerhouse and Wolves partner, Evil Geniuses, which they acquired in 2019.

As well as esports, PEAK6 has a long-standing passion for traditional sports, with the firm formerly owning stakes in AS Roma, AFC Bournemouth and NHL franchise Minnesota Wild.

The investment coincides with the formal establishment of Fosun Sports, a subsidiary of Fosun International and a community of sporting businesses and investments built around Wolves and the Wolves brand.

The formalisation of Fosun Sports provides clarity, collaboration and communication between companies that use the Wolves brand, such as Wolves Esports, Wolves Records and Chinese fashion brand WWFC, as well as a stronger platform for further investment opportunities and a clear sign of Fosun’s long term commitment to Wolves.

The Fosun Sports family exists to drive innovation, foster entrepreneurial spirit, win through excellence, and power the football club at its heart, on and off the pitch.

Both Wolves and Fosun Sports welcome PEAK6 representatives in established advisory positions, with James Baboulas, PEAK6’s associate general counsel and member of PEAK6’s Strategic Capital team, set to serve on the supervisory board of Fosun Sports, and PEAK6 capital management trader John Makowiec becoming a director of WW (1990) Limited.

Wolves’ executive chairman Jeff Shi said: “We have been in deep conversation with PEAK6 for more than a year and we are delighted to welcome them officially to the Wolves family.

“Our organisations have great synergy, from our mutual desire to challenge conformity, our openness for collaboration, and of course our shared passion for sports, technology and achieving success through hard work, intelligence and innovation.

“Earlier this summer we announced a partnership with Evil Geniuses that saw us offer them a presence in China through our networks there, and now this partnership provides Wolves a firm foothold in all major areas of the globe: the USA and Americas, Europe and Asia.

“As well as great opportunities, we hope PEAK6 can help bring Fosun Sports and Wolves knowledge, wisdom and learning, and support Fosun Sports to become a sports industry group with global influence and much success.”