Wes Edens has added to the sporting teams he has an interest in. Edens is already the co-owner of the Milwaukee Bucks in the NBA, and now he is the 55% majority co-owner of the English soccer team Aston Villa. Wes Edens made his name as the founder of Fortress Investment Group. It is an asset management company that has a wide portfolio of assets that includes healthcare and media interests.
Wes Edens has partnered with Egyptian billionaire Nassef Sawiris to take control of Aston Villa. The club has a long history in English soccer, and it had great success in the 1970s and 1980s. Up until recently it was a member of the Premier league, but for two years it has been in the league below that one. It is called the championship. The top teams at the end of each season go back to the Premier league and that is where Edens sees the club in the near future. Aston Villa was one game away from a return last year.
For more information about Wes Edens, visit his crunchbase profile
The club was only bought in 2016 by Tony Xia, but he has now sold the majority share to Wes Edens and Nassef Sawiris for 30 million pounds ($39 million). Xia will retain a position on the board of the club. It is a move not uncommon to English soccer clubs, and teams like Liverpool, Manchester City and Manchester United have all been bought by foreign billionaire investors in the last few years.
Edens not only brings his knowledge of pro sports to the deal, but he also has his long and successful career in business to help. He knows that the money that the Premier league brings means that it is the rightful place for a club like Aston Villa to occupy. Wes Edens knows that this will take a substantial financial contribution, but he hopes it will happen as early as next year.