Wes Edens Expands His Sporting Dynasty

To members of the financial industry, Wes Edens is best known as the founder of the Fortress Investments group and a number of other businesses. However, the international profile of the investment specialist recently jumped following his decision to begin building a sports ownership empire in the U.S. and the U.K. Alongside his long-standing interest in the Milwaukee Bucks NBA franchise, Edens has recently purchased a controlling interest in an English soccer team.

Aston Villa Football Club is one of the most historic in the U.K. with a long history of success including a single European Cup victory in the 1980s. In 2016, the 29-year stay of the “Villains” in the Premier League came to an end with relegation to the Championship and the financial problems this brings. Wes Edens is hoping his partnership with Egypt’s wealthiest individual, Nassef Sawiris who has taken an interest in a number if U.S.-based sports teams through his Bruins Sports Capital company. Learn more at newfortressenergy.com about Wes Edens

The purchase of the Aston Villa comes after Wes Edens led the Milwaukee Bucks to one of their most impressive periods on and off the court. The NBA franchise is celebrating returning to contention in the Eastern Conference and the opening of a brand new arena promised when Wes Edens took control in 2014. Aston Villa fans will be hoping for a similar resurgence for their club in the coming years after recording losses of over $100 million for the years 2016 and 2017.

Wes Edens made his personal fortune as the founder of the Fortress Investments group in 1998 when the brand had around $400 million in assets under management. By the end of March 2018, Fortress Investments had over $4 billion under management and was continuing to grow. After taking more of a backseat at Fortress in the last few years, Edens has been looking to develop new interests in green energy and the U.S. transport system through his Brightline rail service.


Source: https://www.bloomberg.com/research/stocks/private/person.asp?personId=372235&privcapId=3554707&previousCapId=666715&previousTitle=Fortress%20Investment%20Group%20LLC

 

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