US investors continue to buy from European football clubs

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American money continues to flow into European football, as has Chicago-based investment firm Peak6. taken a stake in the Wolverhampton Wanderers of the Premier League.

Peak6 purchased an undisclosed minority stake in Fosun Sports, a newly formed holding company that operates the team and its associated brands. Fosun Sports is a subsidiary of Fosun International, a Chinese company that bought Wolves in 2016 for $ 62.1 million.

Peak6 will look at “accelerate the club’s growth in North America providing capital, expertise, visibility and activation opportunities for Wolves and Wolves Esports across the United States, ”the team said Tuesday.

American investors have become more interested in European football clubs, sometimes replacing Chinese investors.

  • In May, Los Angeles-based Oaktree Capital purchased a 31% stake in Inter Milan Hong Kong-based LionRock Capital in a $ 336 million deal.
  • Ares Management Corporation has acquired a 34% stake in Atlético de la Liga in June.
  • Earlier this year, New York investor Robert Platek and Miami’s 777 Partners purchased italian clubs Spezia and Genoa, becoming the sixth and seventh owners of the American Serie A, respectively.

Peak6 also has an esports organization Evil geniuses and previously held stakes in Serie A squad AS Roma, EFL AFC Championship club Bournemouth and the NHL’s Minnesota Wild.

Evil geniuses have in partnership with Wolves since July, when Fosun invested in the company at a $ 255 million Evaluation.


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