The businessman, Wes Edens, is a well-known figure in the world of sport. Not as prowess on the court or field but as a co-owner of Milwaukee Bucks. Since his ownership, the team has transformed from being the least competitive to a powerhouse. After years of accomplishment in basketball, Wes Edens has set eyes on the international sports arena. He has bought a majority stake in an upcoming England’s Soccer teams, Aston Villa.
England’s premier league is not only one of the most respected but is also a revered sports league in the world. It is home to some of worlds notch players like David Beckham and Christiano Ronaldo. Premier league teams earn millions of dollars yearly through endorsements, matches, player deals merchandise and other partners. For savvy investors like Wes Edens, ownership in the league is a lucrative opportunity as it is an alleyway to dramatic investment returns. So, when Edens saw a window in Aston Villa Football Club, he jumped at the chance to own stake in the lucrative team.
The upcoming team, Aston Villa, is jockeying for a position in the renowned Premier League. Any club that joins the league needs to cement its place among the very best. Only 20 teams are allowed into the league due to its prominence. The league is not fixed; the competition is particularly intense because clubs can be ousted out for poor performance.
Aston Villa is striving to improve its position in the football world and return in the premier league. Decades before they were bumped out, the team was a known face on the Premier League Circles. In 1982, the club even won the European Cup. Aston Villa is, in fact among founding members of the league being among the first foot team to participate in the league in 1991.
In recent years, however, the team has failed to do well for several consecutive seasons. Thanks to the support of investors like Wes Edens, Aston Villa is not losing hope. Many fans do not understand the relationship between the team’s ownership and performance. Owners of sports organizations work to help teams shine competitively. Edens has partnered with an Egyptian Billionaire Nassef Sawiris to save the club from extinction.