After the Aston Villa Football Club missed out on rejoining the Premier League this year, Wes Edens of Fortress Investment Group and Nassef Sawiris invested into the team. Now the 55% owners, they hope to bring some big changes. Aston Villa is ready to try again when it comes to the prestigious soccer league and Wes Edens believes they can do it. The former owner, Tony Xia, will take the position of co-chairman after the purchase by Wes Edens and Sawiris. In addition, he will still be a member of the board for the team. The transaction was made for around $39 million in early July this year. Currently, Aston Villa plays in the 2nd tier of the Championship division after dropping out of the Premier League in 2016.
In order to make it back into the league, a large investment was made into recruiting and training new players for the team. While they came close to making it back into the Premier League earlier this year, a loss against the Fulham Football Club delayed their efforts. Tony Xia believes the new partnership with Wes Edens and Nassef will be integral in helping the team return to their former glory. The team plans on fighting even harder to obtain their goals to achieve the success that they know that they deserve. The board plans on doing whatever is necessary to support the team. The English Football League approved the significant purchase by the foreign investors.
Aston Villa has been the champions of the Premier League 7 times during their 29 years in the division. When they were dropped to the lower tier, the team suffered a big hit to their finances. Aston Villa isn’t the only sports team that Wes Edens has a financial stake in. Aside from the soccer team, Edens also owns a large portion of the Bucks in Milwaukee. Since childhood, he always been a huge fan of sporting events and is excited to be able to participate in the industry in this fashion. Business is not the only focus of the Fortress Investment Group co-founder. In addition, he is dedicated to his family and staying active. Together with his wife Lynn, the 2 have 4 children. He is also a huge fan of horse riding, mountain climbing, and running. He has given away millions of dollars for different philanthropic causes with a focus on education, healthcare, and art.