How Businessman Wes Edens Became An Owner Of Two Sports Teams

Wes Edens is an American entrepreneur in the financial industry. After graduating from Oregon State University in 1984 he began his professional career at California Savings and Loan. He went on to work for BlackRock, Merrill Lynch, Lehman Brothers, and Smith Barney. Along with some business partners, he launched Fortress Investment Group. This company, founded in 1998, is a company that invests in alternative assets. He is one of three partners of this firm and they have built it into one of the largest firms of its type in the world.

He is also highly interested in sports. His first investment in a professional sports team was in 2014 when he bought the Milwaukee Bucks for $550 million along with a business partner. When making his offer he publically stated that he not only planned to keep the team in Milwaukee but that he would also get a new multi-purpose stadium built. This was due to the fact that the NBA had informed the team that their stadium wasn’t fit for the league any longer. Wes Edens was able to negotiate the terms to build a new stadium and it is slated to be completed in the autumn of 2018.

In July 2018 it was announced that Wes Edens and Nassef Sawiris had come to an agreement to buy 55% of the football team Aston Villa. They released a statement saying that both had been fans of football throughout their lives and looked forward to helping this team return to the Premier League. They also said that they knew that they are stewards of the team and would take their responsibilities to the fans seriously.

Wes Edens latest business venture is Brightlines. This is a private train service company that launched its first project in South Florida in early 2018. They have high-speed trains that presently run between Miami and Fort Lauderdale and will eventually go all the way to Orlando. Once that is completed they are looking at further expanding it to Jacksonville and/or Tampa. He says that they are looking at other regions around the United States to establish this concept. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club

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