Wes Edens is a Private Equity investor and an American Businessman. He is also a Co-Owner of Milwaukee Bucks. Reportedly, he bought the majority stakes in the Aston Villa Football Club (AVFC) based out of England. AVFC is competing to gain entry to the Premier League.
Mr. Edens and Mr. Sawiris own NSWE which is a research and investment firm based out of Egypt. The stake purchase of AVFC is done through this company. AVFC participates in the English Football League Championship which is a popular sports league.
Aston Villa has missed its chance to enter Premier league in the last season in a close range. Dr. Tony Xia an existing stakeholder will continue on the board by becoming a Co-Chairman.
Tony Xia stated in an interview that with Wes Edens and Sawiris on board, Team AVFC will pursue the goal with added strength and keen approach.
Wed Edens and Sawiris expressed their interest in working with Dr. Tony in shaping up things within the team.
The Priority of the owners will be to assess and evaluate the team. Further, they will keenly work on strengthening and structuring the team for the approaching season. All three Chairmen of AVFC are confident and ambitious in taking the business and the sport to great heights. More about of Wes Edens at Bloomberg.
Stakes and Investments of Wes Edens:
Edens was a competitive skier in his early age, after establishing his equity career, he bought the NBA franchise Milwaukee Bucks for $550million in the year 2014. The current value of the company is about $1.075 Billion, which is almost double of the value he originally invested.
Wes Edens is a renowned private equity investor and hedge fund manager. He co-founded the Fortress Investment group along with Rob Kauffman, and Randal Nardone. Subsequently, in the latest part of his venture, he bought the majority stakes in Springleaf Financial Services which formerly known as American General Finance (AGF). AGF then developed with impressive book size, and it manages about $14.3 Billion worth of Assets.
In the year 2006 Wes Edens became the chairman of Nation star which was acquired by Fortress for a staggering $575 Million. The company was formerly known as Centex which was a major home equity company in the United States.