Wes Edens has always had a passion for business and sports, his newest transaction combines both of these. Earlier this year, Wes Edens purchased the Aston Villa Soccer Club alongside the wealthiest citizen of Egypt, Nassef Sawiris. As the majority owners of the team, the 2 own around a 55% stake in the company. The sale of the Aston Villa Football Club has been approved by the English Football League.
Nassef and Wes Edens actually own the company that owns the stake of the football team called NSWE. When NSWE bought the 55% stake of the Aston Villa Club, they purchased it for approximately $39 million. The previous majority owner of the team has been named the co-chairman and will still play a large role in the team. Tony Xia, a Chinese entrepreneur, initially purchased the Aston Villa Football Club in 2016.
Wes Edens and Nassef are planning on helping the Aston Villa Soccer Club make a return to the Premier League. Aston Villa was part of the Premier League for 29 years until they dropped out. Because of this, they lost a large amount of revenue. It looks like the Football Club has a bright future ahead of them under their new majority shareholders.
The 2 investors have big plans for the team to help them reach the potential that they know they have. Every aspect of the team will be analyzed to see if there is room for improvement including their players, training methods, practices, and management. In addition, there will be a search for additional members of the team.
Wes Edens is the co-founder of the innovative Fortress Investment Group. The company has 2 other principals besides Edens including Peter Briger and Randal Nardone. Fortress Investment Group has a few core areas in which they have a considerable amount of expertise including operations management, capital markets, and asset-based investing.
They are considered a specialist in capital markets and have a lot of experience in using equity and debt in order to raise funds. The co-founders of the company already had a plethora of experience when it came to the financial industry. This experience is a large part of what has made the Fortress Investment Group the strong company that it is today.
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