The higher the risk, the higher the return and it seems that is the strategy that Wes Edens is using. He is now a co-owner of the Aston Villa football club. The Fortress Investment Group co-founder is no doubt a risk taker. Edens and his company have invested in railroad when most people are buying self-driving cars.
He became a co-owner of NBA Milwaukee Bucks in 2014; a team that had its last championship half a century ago. He also decided to buy a majority stake in the Aston Villa club, which is an English soccer club that is struggling to make it to the premier league.
Wes Edens’ investment in Aston villa gives him a 55 percent ownership stake in the club. He co-owns the team with Nassef Sawiris, an Egyptian billionaire. They took ownership at a time when Aston Villa club was looking for ways to enter the premier league. They also jointly own the NSWE, the company that invested vast sums of money into Aston Villa. The team has always been competing in the English football league championship, which is below the premier league.
Aston Villa had lost their chance to enter the premier league when the team lost to Fulham at the championship league at Wembley stadium. The team’s owner, Tony Xia, still remains on the board. The transaction and capital injection have already been approved by the English league.
In an interview, Xia said that he was looking forward to working with the investors to take the team to the premier league. Xia also believes that with strong partners such as Nassef and Edens, the team will fight again and ensures the club becomes successful.
Wes Edens and Sawaris in a statement said they believe that they can ensure the club goes back to its rightful position in English football. The new investors also said that strengthening the squads is their number one priority. The investor, Wes Edens with Marc Lasry were the previous majority owners of Milwaukee Bucks in 2014. They acquired the NBA team from former United States Senator Herb Kohl for $550 million. Wes Edens is also the owner of FlyQuest, an e-sports franchise.
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