Wes Edens and Nassef Sawiris are investing capital into Aston Villa Football Club with their company, NSWE. The former owner, Tony Xia, will now stay on the board and become the co-chairman. He said Wes and Nassef are strong partners and they are fighting to bring the club success. The EFL approved the transaction and the parties involved are working towards getting all required confirmatory approvals. Aston Villa are seven time champions, but the club dropped from the Premier League to the second tier in 2016. The club has lost a lot of money over the last two years. Wes Edens and Nassef Sawiris are excited to work with Dr. Tony to assess and evaluate the club. They want to strengthen the structures and squads before the next season.
Nassef Sawiris is the richest person in Egypt according to Forbes. He heads one the world’s largest nitrogen fertilizer producers, OCI. He has holdings in Lafarge Holcim and adidas AG. He has been on adidas AG’s Board since 2016. His company, NNS, is a major shareholder in the US Private Equity firm, Bruins Sports Capital.
In 1984, Wes Edens earned his Bachelors Degree in Finance and Business Administration from Oregon State University. He is a co-CEO and co-founder of the global investment manager, Fortress Investment Group. He invests in the media, financial services, real estate, healthcare, transportation, and infrastructure. Edens is also one of the Milwaukee Bucks co-owners.
In 1998, Fortress Investment Group was founded with $400 million of assets, and it has grown to $40.9 billion. Before that time, Wes Edens worked for BlackRock Financial Management, Inc. and Lehman Brothers as a partner and managing director. The Wall Street Journal named Wes Edens the “New King of Subprime Lending” after Fortress Investment Group purchased Springfield Financial Services. It also purchased Centex Home Equity Company, LLC. This subprime mortgage lender is now called Nationstar Mortgage and it has Edens as is its chairman. Click here