Peters studied business administration at the Technical University of Dortmund and completed his diploma in 1989.

[2] In 1993 Peters became Managing Director of FC Schalke 04, and was appointed to its executive board in 1994.

Besides his work at FC Schalke 04, Peters has assumed additional responsibilities.

[3] On March 15, 2007, Peters was elected deputy chairman of the supervisory board of the DFL and Vice President of the League Association.

As Vice-President of the League Association, he is also vice president and board member of the DFB (German:Deutscher Fussball-Bund).