The arrival of some of the world’s leading business people in English soccer has led to the game continuing to grow into those with the highest revenues. The Premier League is the world’s top-earning soccer division by earnings, but the second tier of English soccer is fast catching up with the top division having been named the sixth-highest-earning league in the world by the financial specialists, Deloitte. Fortress Investments Group founder, Wes Edens has joined the growing list of foreign investors in the U.K. with his purchase of a controlling stake in the historic club, Aston Villa.
Wes Edens has become one of the leading private equity and non-traditional investment opportunities following the establishment of the Fortress brand in 1998. Sports have played a major role in the life of Wes Edens as he has been a consistent backer of the U.S. ski team, reflecting his own interest in skiing and other outdoor activities. Since selling controlling interest in Fortress, Edens has devoted more time to his passion of exploring the outdoors through rock climbing. Not only has the former Lehman Brothers and BlackRock Investments specialist sought to develop his career as an investor, but he has been looking to spend more time scaling some of the world’s most famous peaks. View Wes Edens’s profile on Linkedin
The decision to take a controlling interest in the Aston Villa soccer team came in the Summer of 2018 following the failure of the club to achieve promotion to the Premier League from the second-tier of The Championship. Now rated as the sixth-richest soccer division in the world, the members of The Championship generated just under $100 million in revenue throughout the last season.
Working on the structure and organization of Aston Villa was the initial focus after the purchase of the team by Wes Edens and business partner, Nassef Sawiris. Changes have been ongoing with the appointment of veteran Chief executive Christian Purslow and Head Coach Dean Smith bringing renewed success on and off the field.