Wes Edens, co-owner of the Milwaukee Bucks has put another iron in the sports fire of soccer. Wes Edens along with Nassef Sawiris, an Egyptian billionaire, have taken the majority of stakes in England’s Aston Villa Football Club, which is currently competing in the English Football League Championship. Edens foresees the Aston Villa Football Club becoming a part of the Premier League in the near future, which will solidify his insight of investment in the club. View Wes Edens’s profile on Linkedin
Wes Edens is no amateur when it comes to investing and his resume and experience pretty much speak for themselves. Edens is an American businessman, private equity investor, co-founder of Fortress Investment Group,founder of New Fortress Energy, and the owner of the e-sports franchise FlyQuest. He’s expanding in the realm of the sport’s investment arena with invested stakes in the Aston Villa Football Club. Edens and Sawiris will be preparing for the upcoming season with a full evaluation and assessment of the club, in which their number one goal is to build-up and reinforce the squads, and the overall organizational structure.
As a visionary investor, Wes Edens is not afraid to tread into unchartered territories. He also does his homework when it comes to working together with fellow investors in high stake investments. Edens is co-owner of the Milwaukee Bucks along with Marc Lasry, who is a fellow New York City investment executive. The NBA team was obtained by Edens and Lasry in 2014 for $550 million. The value of the team has nearly doubled since their initial investment to a 37% increase as estimated by Forbes magazine. Currently the Milwaukee Bucks are worth $1.075 billion. The Milwaukee Bucks turned out to be a hot iron for the New York billionaires.
Wes Edens is banking on another hot iron with his co-investor, Nassef Sawiris. They are joint owners and control NSWE, which is a company that invested a significant amount of capital, that has not yet been released to the public. The previous owner, Tony Xia, will remain on the board as co-chairman of the Aston Villa Football Club. All parties involved are excited about the approval of the capital investment and transaction by the English League and look forward to working together to turn their investment into a hot-iron of capital return.