Wes Edens Interest In Sports Has Gone International
Wes Edens is CEO and co-founder of the Fortress Investment Group. He began his successful journey in the finance industry by receiving a Bachelor of Science degree in Finance and Business Administration at Oregon State University. However, finance is not Wes Edens only love. He is also a big sports fan.
In 2014, he and his partner purchased the Milwaukee Bucks from previous owner Herb Kohl. Kohl sold the Bucks for 555 million dollars with the understanding that he would build a new arena for the team. Edens also promised to keep the team in Wisconsin.
After having much success with owning a basketball team, he has gone international. Wes Edens, along with billionaire Nassef Sawiris, recently purchased a majority stake in the Aston Villa Football Club. Sawiris and Edens, however, are new to the soccer experience. To help guide them on this new journey, the previous owner, Tony Xia, a Chinese business, will stay on as co-chairman of the board. Xia is excited to have both Sawiris and Edens on board and hopes this investment will significantly help the club.
Find out more about Wes Edens at wealthx.com
The club itself is considered to be an upcoming team despite the fact that they once a popular club in the Premier League. However, the club over the last several years has fallen on a bit of bad luck. In 2016, they were kicked out of the Premier League to the second tier due to too poor performance. The Villa Club had also started to have financial difficulties due to lack of interest in their team.
The team has begun to restructure and narrowly lost out on the bid for the big leagues this past May. However, with the new investment from Edens and Sawiris, the club is not giving up. After all the Premier League is always interested in teams that come with money and with Edens and Sawiris backing them, they should be playing for the league soon.