The son of a psychologist and the man who was once named the new king of Subprime is the new investor at Aston Villa. Wes Eden has decided to grow his portfolio as a sports investor with the new capital injection into the club. He and his partner Nassir an Egyptian billionaire are now the majority shareholders in the club having purchased a 55 percent stake. The deal will see Wes Edens become the club’s co-chairman another position that he hopes to drive successfully as with all others he has held and currently holds. The club that has been around for more than 100 years had been struggling, and this could have been one of the reasons their form had dipped. They had, however, managed to see some improvements missing by a whiskey an opportunity to rejoin the English Premier League when they lost their final match in May.
Wes Edens also the co-owner of the Milwaukee Bucks after he and his other partner Marc Lasry a hedge fund manager and CEO purchased it for 550 million dollars. The club needed a new arena, and this was one of the first investments they made for them. Wes Edens was part of the team that unveiled the new arena to the public after its completion. He has always been very passionate about sports and its one of the main reasons he is never afraid of spending big bucks to acquire the said clubs and teams.
Wes Edens has also had a very successful career in finance. He is the co-founder of Fortress, which was recently acquired by SoftBank. The group has been quite successful moving from private, then public in 2007 as listed on the NYSE and eventually returning to private hands following its acquisition by SoftBank. The deal was worth an approximate 3.3 billion dollars, which saw shareholders enjoy over thirty percent premium per share given the price it was trading at the time of acquisition.
Wes Edens is optimistic about the acquisition given the financial muscle held by SoftBank and the money they have dedicated towards American investments. He believes that the group will soon be worth much more.