Wes Edens is well known to basketball fans as a sports fan who is living the dream of owning his own franchise alongside his business partner. In 2014, the Milwaukee Bucks were purchased by Edens for around $550 million and have experienced a thrilling turnaround in fortunes. In the Summer of 2018, the latest sporting project of Wes Edens was undertaken when the Fortress Investments founder purchased the iconic English soccer team, Aston Villa which has recently fallen on hard times.
Aston Villa fans can be pleased with the way Edens has responded to the issues facing his NBA franchise in Milwaukee, which fans feared would be moved by a new owner in 2014. One of the first pledges made by the Fortress Investments founder was to keep the basketball team in its historic market, despite the greater potential rewards offered by a move to a new broadcast region. Along with the promise to keep the Bucks in their traditional home, the franchise was also promised a purpose-built arena which opened in August 2018.
As the opening of the Bucks Fiserv Forum arena was being announced, Wes Edens was putting the finishing touches ton his latest venture in sports, the $39 million purchase of Aston Villa soccer club. Once one of the best-known teams in European soccer, Aston Villa had fallen in stature by their relegation from the Premier League in 2016 and struggled to find their level in the modern game. The arrival of the Milwaukee Bucks owner in the English city of Birmingham as the owner of Aston Villa has been met with great excitement as he has been joined at the club by Egyptian billionaire Nassef Sawiris as 55 percent stakeholders in the club.
The soccer sector has been one of the leading areas of investment for billionaires across the world who are looking to enter a market where many English Premier League clubs make a profit regardless of gate receipts. One thing Wes Edens has shown during his time at the Milwaukee Bucks is a willingness to work alongside fans to build a brighter future for the franchise.
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