Fortress Investment Group was first formed in 1998, at the time they were considered a private equity firm. When they made an Initial Public Offering in 2007, they also made the record books as being the first firm of their kind to do so. It was at this point that they were publically traded on the New York Stock Exchange. Co-founder of Fortress Investment Group is proud to be part of the company and the growth that it has experienced. With their headquarters being in New York, they have an employee base of around 900 people. The 3 principals of the company include Wes Edens and Randal Nardone in New York as well as Peter Briger who is based in California. Recently, Wes Edens made an interesting investment in an English soccer team that he believes will be back on their way to the Premier League. This investment was made with the wealthiest citizen in the country of Egypt, Nassef Sawiris.
Together, they own 55% of the Aston Villa Soccer Club. The sale of the team to Wes Edens and Nasseff was approved by the English Football League. Wes Edens and the rest of Aston Villa’s fans are looking forward to seeing the future of the team. While the team may have dropped out of the Premier League after participating for 29 years, they are expected to be rejoining soon. This Premier League is the most prestigious organization for the sport in all of the United Kingdom. Fans of the league reside all around the United Kingdom and the world. Only one game stood between the team and rejoining the Premier League earlier this year.
Due to losing a playoff game against the Fulham Football Club in May, they must keep trying to regain their position. Members of the team felt disheartened about the loss but don’t plan on giving up. Not only is it based on a desire to win, the team also lost a large amount of revenue because of dropping out. After graduating from Oregon State University in 1984, Wes Edens went straight to work with some of the biggest names in the financial industry. Throughout his career, he has always been able to find troubled investments with great amounts of potential for the future. Along with sporting teams, he also owns the Milwaukee Bucks, he focuses his investment strategies on transportation, health care, and real estate.