Wes Edens has just partnered with Nassef Sawiris to buy Aston Villa Football Club in a transaction that cost $39 million. The two businessmen will be having a 55% stake in the club. The former owner of the club Tony Xia will remain in the club as a co-chairman. Tony, who bought the club in 2016, comes from China. The deal will also see Tony stay in the board of the club. The transaction has been made formal after the English Football league approved it. These partners will not be working as a team for the first time; the two are the owners of NSWE which is the organization that is buying the club. This deal will make the future of the club brighter after it has lost its position in the English Premier League.
English Premier League is one of the most prominent soccer leagues in the United Kingdom with many fans around the world. Aston Villa has been the Premier league member for 29 years before it lost this position and currently plays in smaller leagues. The club had a chance to reenter the Premier League in May 2018 in a match against Fulham Football Club but unfortunately lost. This was a devastating moment both for the players and other concerned parties after many years of struggling to gain such an opportunity.
Nassef Sawiris and Wes Edens are thrilled to offer their support so that the club can achieve its best as well as access its full potential. The initial step that the duo is taking is to analyze all the activities going on in the team. For instance, they plan to evaluate each player in the club including the training methods that the team is employing. In addition to this, the two will assess the management as well as other practices of the team. The duo also plans to bring in other new plays aiming at restoring the position of the club in the Premier League.
Wes Edens is Fortress Investment Group’s co-founder. He graduated in 1984 with a finance degree from Oregon State University. Wes has had opportunities of working with prestigious financial organizations in the United States something that makes him have the world-class experience in the financial sector. He manages the private equity division of Fortress Investment group. Wes Edens is also the company’s co-chief executive officer as well as its chief investment officer. He has invested in several other fields including real estate, healthcare and others.