Wes Edens, who is the co-founder of Milwaukee Bucks, has ventured into the soccer business. Together with the leading Egyptian billionaire called Nassef Sawiris, Wes bought the majority of shares in the Birmingham, England-based Aston Villa Football Club that is striving to make an entrance into the Premier League.
Wes Edens plus Nassef conjointly own as well as manage a company known as NSWE, which invested an undisclosed amount of cash to the club. The club is currently competing in the Championship, the second tier of the English football league system. The league is recognized as one of the most popular professional sports league in the world.
Aston Villa failed to get a slot to play in the premier league after they lost to Fulham at Wembley stadium during the championship league promotion playoff. According to a statement announced by the team, the owner of the club Tony Xia will be the co-chairman and still be on the board of directors. This is a done deal since the English league has accepted the capital injection and the transaction.
Tony pointed out that he is looking forward to work together with the new investors to get a recommendable status in the English Premier League. He added that the club was close to getting the promotion last season and this was just a humbling and thrilling experience. Since the club now has strong investors, they are gearing up and fight for the second time to get the success that Aston villa deserves.
The two investors claimed in a statement that they can strengthen the club and make sure that the Aston Villa is back to their rightful place, which is in the upper echelons of English soccer.
About Wesley Edens
Wes Edens is the co-owner of the leading investment company known as Fortress Investment Group. He works as the private equity chief investment officer of Fortress and has invested in multiple industries including transportation, financial services, healthcare, media as well as real estate. Wes Edens also serves in several prestigious posts like company’s co-CEO, co-chairman, president of private equity, as well as a chief investment officer. Before co-founding Fortress in 1998, Wes served as a partner at BlackRock Financial Management Company..