Soccer or football as it is known in England, is one of the most watched sports in the world. Fans of the game are known to travel from far and wide to enjoy a game. This has made the sport, one of the most keenly watched by investors as they try to determine which clubs to invest in. Money has been flowing into English clubs given their popularity and ever-rising value. These investors look for different things in a team but will all admit to wanting to see their teams shine in the long run.
Wes Edens, an American businessman and co-founder of the Fortress Investment Group, is one of these investors. He recently partnered with Sawiris and Egyptian billionaire to acquire a majority stake at Aston Villa. The two share a love for soccer and what better way to show their commitment to the support than by acquiring a football club. The acquisition, which was made through their company NSWE will see Sawiris become the chairman and will help the board in the overall management of the team.
Aston Villa before dropping to the Championship from the EPL had won the trophy seven times. The impact of relegation was felt financially, and this meant that the team required some capital injection to accommodate the said loss. Aston Villa will benefit financially from the two partners’ input as well as management tips from them given their stature in the world of business and investment. Wes Edens and his partner are keen on seeing the club succeed and its paramount to them that this is achieved within the shortest time possible.
Wes Edens, who is a father of four has been investing in sports for a number of years. His first investment was back at home when he acquired the Milwaukee Bucks which plays in the NBA. The basketball team had been sold by Herb Kohl, and he promised him that he would do everything within his power to ensure that the team remained in Wisconsin. They recently built an area to make this possible. Going forward, it will be interesting to see how Wes Edens juggles basketball and football.