Posts Tagged: financing a team in a smaller market

Wes Edens Interview on Milwaukee Bucks and New Ventures

Wes Edens, co-owner of the Milwaukee Bucks, sat down with Ric Bucher for an interview on his podcast, which was also included on Interview.net. Edens isn’t your typical NBA owner. In addition to his long career in finance, he was a competitive skier as a teenager and continues to stay active with his keen interest in rock climbing. He attributes his interest in climbing to having grown up near mountains on a ranch in Montana.

After studying at Montana State and Oregon State University, Wes Edens ended up in New York, thinking he would remain in the Big Apple for the typical one- or two-year stint. Instead, he ended up launching a career in finance based in the city.

The interview focused on the team and Milwaukee as a quintessential sports town. There is a tremendous passion for both college and pro sports, which might be best exemplified by the Green Bay Packers and their devoted fan base. They also talked about the challenges in financing a team in a smaller market, since the vast majority of teams making it to the semi-finals and finals tend to be from larger markets. Edens said that he took a great deal from the examples of the two smaller teams that have won recently, Cleveland and San Antonio.

Wes Edens is also a stakeholder in the Aston Villa premier soccer team, and the two discussed the parallels between the NBA and English soccer. In addition, his company, Fortress Investments, financed the Brightline passenger train system, which has now been re-branded as Virgin Trains USA, a privately operated company. Wes Edens and Fortress are also involved in New Fortress Energy, a firm specializing in cleaner energy solutions. He is also a pioneer in the emerging e-sports industry, having purchased Flyquest in 2016, a e-sports franchise.

Read More: www.wealthx.com/dossier/wesley-robert-edens/