The Fortress Investments founder, Wes Edens has been expanding his interests in the sporting sector since 2014 as he looks for new ventures to excite him. Edens has been looking to develop his interests outside the business which made him an estimated fortune of at least $930 million. An acclaimed philanthropist, Wes Edens is always looking to find new areas of interest for himself and his business partners, such as the London-based Egyptian billionaire Nassef Sawiris. After buying the Milwaukee Bucks NBA franchise in 2014, the contributor to the William J. Clinton Foundation recently purchase a 55 percent stake in the historic English soccer club, Aston Villa.
For more information about Wes Edens, visit his crunchbase profile
Much like his purchase of the Bucks in 2014, the decision to buy Aston Villa came about because of the love the former champion skier has for soccer. Unlike many investors who simply look at soccer as a solid sports investment, Wes Edens has been an avid fan throughout his life which led him to attend every FIFA World Cup for the last 20 years. Although his knowledge of Aston Villa was limited, Edens has been impressed with what he has seen at the Birmingham-based team so far. During a recent interview, the former head of Blackrock Financial Management compared the Victorian era Villa Park Stadium still used by the Villains to Fenway Park.
After purchasing the Milwaukee Bucks franchise in 2014, Wes Edens admits the learning curve was steep but he approached the NBA as he would any business opportunity. One of the keys to leading the Bucks to greater success has been the ability of Edens to hire top talent for the team to lead them to glory. Perhaps the biggest achievement in sports of Wes Edens has been the construction of the new arena in Milwaukee for the Bucks to play in. Persuading the local government of Milwaukee to subsidize the construction of the arena was based around the business of making an investment for the future. Edens explained a top arena costing $200 million of taxpayers money would lead to taxation on employees of the franchise reaching over $1 billion in the coming years.
Visit Wes Edens on Youtube: https://www.youtube.com/watch?v=O51VtMJzMgU