Private Equity Investor Wes Edens Joins the International Sports Scene
Wes Edens is a New York-based executive in the financial industry. He co-founded Fortress Investment Group twenty years ago and it now has over $43 billion in assets under management. They invest in private equity and credit funds which includes diverse assets such as capital, real estate, and investments that generate long-term cash flow. In addition to investing in assets like this, his company is also deeply experienced in managing physical and financial assets.
He says that he has robust tools which allow him to extract value from the private equity investment he makes. Wes Edens is known for being able to evaluate companies based on their structure, operations, and business strategies. When he sees a good opportunity he directs investments into a company such as RailAmerica which is a private train service provider. He has also invested Fortress Investment Group in Penn National Gaming which has a chain of casinos and horse racing venues in the United States.
Outside of his activities as Fortress Investment Group, Wes Edens is a big sports fan. A few years ago he purchased the Milwaukee Bucks and is so is now the owner of an NBA team. When he was bidding for this company he told the prior owner that he would get a desperately needed new stadium built (the old one had been declared as unusable by the league). He was able to follow through on this promise and the new stadium is now going up not far from where the old one is located. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club
Along with a business partner he also purchased a majority interest in Aston Villa Football Club. This is a United Kingdom football team looking to re-enter the Premier League. Only 20 teams are allowed in this league and a few seasons ago Alton Villa no longer made the cut. Wes Edens has said that they are going to strengthen the club on the field and bring sustainable success back to this team. This team had been part of the Premier League for decades so it is important to the team members and fans that he is successful in this endeavor. read full article