Co Founder Of Fortress Investment Group Acquires English Soccer Team

Wes Edens is a leading entrepreneur and sports team owner based in the United States. He is the co founder and chairman of the renowned investment firm known as Fortress Investment Group. He co founded the firm back in the year 1998 along with a couple of other finance professionals. Since founding the firm 20 years ago, Edens has built it into one of the most reputable in the financial services industry. Once the firm was founded, it quickly established itself as a trendsetter for years to come. During its history, the firm has expanded to many countries throughout the world. In terms of financial services are concerned, the firm offers things such as the management of valuable assets such as real estate, hedge funds and private equities. Today, Fortress Investment Group oversees a total amount of assets exceeding $40 million along with assisting well over 1500 institutional clients worldwide.

Fortress Investment Group is based in New York City. It also has a number of other office locations in key cities in various regions of the world. In terms of its ownership structure, it has three principals who control the firm. This firm is controlled by co founder and chairman Wes Edens, co founder and principal Randal Nardone and also Chief Executive Officer and principal Peter Briger. All three of these individuals participate in the daily strategy and management of the firm. When it looks to serving clients, Fortress Investment Groups offers mergers and acquisitions, asset management, capital markets, operations management and advisory services.

In recent months Wes Edens purchased a major professional English soccer team named Aston Villa. He invested in the team with another billionaire from Egypt named Nassef Sawaris. The two individuals invested a sum of 30 million British pounds which is equivalent to $39 million. They will acquire a total stake of 55% ownership of the team. With this transaction, Wes Edens and Nassef Sawaris will gain a majority control over Chinese businessman Tony Xia who bought the team two years ago in 2016.

Wes Edens will join a list of a few other prominent foreign billionaires who have purchased European sports teams. He joins individuals such as Roman Abramovich of Russsia, and the Glazer family. This new purchase will also become the second major sports team that Edens will have an ownership stake in. Wes purchased and has owned the Milwaukee Bucks of the NBA.

Read More : www.industrialareasfoundation.org/topics/wes-edens

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