Wes Edens Expands His Business Empire by Buying the Aston Villa Soccer Club
Wes Edens, in partnership with a fellow business mogul and billionaire Nassef Sawiris of Egypt, has just become the biggest shareholders in English cocker club; Aston Villa’s stakes. The two are reported to have acquired more than half the stakes of the club making them the highest shareholders with the most control over the club. Together, these sports enthusiasts plan to return the team to its former days of glory after a few slow years. They plan to change so many aspects of the club starting with the management and the players. This may be the first sports venture for Sawiris but for Edens, this is nothing but an expansion of his horizons in sports. He is the co-owner of the Milwaukee Bucks basketball team.
More on Wesley Edens
Wes Edens has a Bachelor of Science degree in finance and business administration from the University of the State of Oregon. He graduated from the University in 1984 and began an internship before getting his first paid job at the Lehman and brothers firm in 1987. He worked at the firm as both a managing director and a partner for 6 years. After completing his tenure, his employment prospects were better than before; it took him no time to get employed at BlackRock firm for Assets investments. He stayed with the firm until the year 1997 when he resigned and partnered with two other savvy businessmen to establish a hedge fund.
Wes Edens at Fortress Investment Group
In 1998, Wesley and his partners launched the Fortress Investment group. The company started out as a simple investment and assets management company but since then has become a trendsetter. It was one of such companies to go public, and it currently manages assets worth more than 60 billion dollars for local and overseas clients. At the end of 2017, the company was sold to Japan’s SoftBank for 3.3 billion making its principals who are also its main shareholders earn more than a billion dollars for the sale of their shares.
Wes Edens is currently a co-chairman at Fortress Investment group and just recently launched the company’s Brightline which is the first privately owned and run train in the United States.
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