It makes sense that the chairman and founder of Fortress Investment Group, Wes Edens, became an owner of the famous Birmingham, England-based soccer team called Aston Villa Football Club. This deal combines two of Edens’ passions: major business deals and sports. Nassef Sawiris, who is a billionaire businessman and the wealthiest citizen in Egypt, is Eden’s partner. Together, they are the majority owners of the team; their stake amounts to approximately 55%. The EFL (English Football League) has approved the sale.
To be more specific, Nassef and Wes Edens are the owners of the company that owns the team’s majority stake. It is called NSWE and bought its Aston Villa shares for around 39 million dollars. Meanwhile, the previous majority owner of Aston Villa (Tony Xia) has been named the co-chairman of the team, and he will stay on its board. In 2016, an entrepreneur from China known as Tony had purchased Aston Villa. It is now common for investors from foreign countries to own soccer teams from Britain.
The future of the team looks bright. Currently, it competes in the EFL Championship (English Football League Championship); it may soon join the top level of the football pyramid (English football) league system called Premier League. The Premier League is the UK’s most prestigious soccer league; it enjoys massive popularity worldwide. Aston Villa used to be a member of this soccer league for 29 years.
When the team dropped out of this prestigious soccer league, it cost them a huge amount of revenue. Also, if Aston Villa had defeated Fulham F.C. in a playoff game that was played in May 2018, then it could have already qualified for the reentry of Premier League. Nassef and Eden are happy to help the team reach its full potential.
About Wes Edens
He attended Oregon State University (OSU) and majored in finance. After graduating from OSU in 1984, Wes Edens worked for some of America’s most prestigious financial institutions. Between 1987 and 1993, he served Lehman Brothers as its managing director. He was specializing in mortgage trading at this company. He worked in several companies in different positions, which made him gain various management skills.
In 1998, he joined the management committee of Fortress; in 2006, he joined its board of directors. Today, Edens is also the chief investment offer and the co-CEO of the company. In the latter role, Eden looks for promising assets that he can fund, and he focuses on industries such as healthcare, transportation, and real estate.
Read More : www.nba.com/bucks/bio-wesley-r-edens