Wes Edens Recent Venture in the Sports Industry in England
Nassef Sawiris and Wes Edens; two savvy businessmen recognized to the world as billionaires recently made headlines when they partnered to purchase the controlling stakes in the English soccer club called Aston Villa. These two are set to become the co-chairmen in the club together with the former Chinese chairman who had bought a majority of the club back in the year 2006. This comes as good news to the club which has been struggling financially to stay afloat and to stay in the league. Nassef and Wes are excited to change the course of the club. The two have made their plans to make major changes in the management and the team in the club in order to return the club to its former days of victory public. This may be a new venture for Nassef but not for Edens who has been in the sports industry for quite some time now.
Wes Edens’ Milwaukee Bucks
The Milwaukee Bucks is a basketball, team that plays in the NBA and is situated in the Wisconsin area. Wes Edens and his long-time partner, Marc Lasry partnered in the year 2014 to purchase the club for the amount of 550 million dollars. The terms of the purchase included an agreement that the club would not be moved from Wisconsin. Since then, the club has been doing remarkably. It is currently reported to be worth more than 1 billion dollars.
Wesley Edens as a businessman
Wes Edens is more than a sports enthusiast. He has been actively involved in the finance industry for several years. He started out as a partner and manager at the Lehman Brothers as well as a managing director in the year 1993 the later joined Blackrock where he served similar roles before he left to launch Fortress Investment Group with two other partners in the year 1998. Since then he has been an active part of the management at Fortress Investment Group even after the sale of the company to SoftBank in December 2017. He recently launched the Brightline project under Fortress Investment where he is still a co-chairman and principal.