The historic Aston Villa Football Club has been going through some difficult times in recent years as the club has fallen out of the lucrative Premier League and into the second tier of English socce
- At Aston Villa, the recent history of the club has been difficult since the club was a founding member of the English Premier League and was purchased by Cleveland Browns owner, Randy Lerner. Under the leadership of Dr. Tony Xia, wh purchased the club from Lerner, Aston Villa was relegated from the Premier League and lost access to the billions of dollars of TV revenue accompanying it. Read this on cnbc.com
Aston Villa was a founding member of the English Football League in the 1880s and is one of the most successful clubs in the history of English soccer. Much like the earlier sporting purchase of Wes Edens, the Milwaukee Bucks NBA franchise, Aston Villa has an outdated home which is no longer fit for purpose. Updating the Bucks home in the Entertainment District of Milwaukee from its previous 1980s home may seem like a cakewalk when compared to the issues Wes Edens and his business partner, Nassef Sawiris face in updating the former Victorian Amusement Park Aston Villa still call home. Villa Park has been home to the club since 1887 and is a landmark of the city of Birmingham the team calls home.
Wes Edens is one of the leading private equity investors in the U.S. with a series of brands to his name which has proven successful in various sectors of industry. Among the impressive investments of Wes Edens has been the development of New Fortress Energy, which has been a leader in bringing green energy to parts of the developing world. The new majority owner of Aston Villa Football Club has also been developing the Brightline Rail Service in Florida which is now hoping to open a new line in California and Nevada to add a high-speed rail link between Los Angeles and Las Vegas.