Wes Edens backs MLS expansion into Las Vegas

 

The billionaire investor has joined forces with FC Barcelona’s Javier Tebas, the president of La Liga, to bring an MLS team to Las Vegas. This will be the league’s second attempt at establishing a franchise in Sin City after a deal with the previous owner of the Las Vegas 51s baseball team collapsed in December 2016.

Wes Edens, worth $2.4 billion, will be the lead investor in The Circuit, a proposed new sports, and entertainment complex that also houses an MLS expansion team. The facility will be located just east of McCarran International Airport and the Las Vegas Strip, at Tropicana Avenue. The 52-year old American has close ties to La Liga’s inner circle, which is why he was included in the group of investors that purchased a controlling interest in the Spanish football club RCD Mallorca last year. Edens was already the majority shareholder of the Milwaukee Bucks.

Wes Edens is the co-owner of the Major League Baseball team, the Milwaukee Brewers. Under Edens’ guidance, Fortress Investment Group has acquired stakes in many companies, including Neiman Marcus, retail brokerage TD Ameritrade, and luxury German carmaker Aston Martin. He also owns FlyQuest eSports (League of Legends). With Edens on board, MLS expansion franchise plans run deep. Similar to the NBA’s Sacramento Kings and their Golden One Center, The Circuit will take advantage of the Las Vegas government’s $750 million contributions toward a new NFL stadium set to open in 2020.

The Fortress Investment Group co-founder and chairman (Wes Edens) helped bring an NBA team to Milwaukee in 2014. He is getting involved with the new Las Vegas MLS expansion franchise after seeing the city get a National Football League team, possibly named the Oakland Raiders. Las Vegas is expected to receive an MLS sports team in 2020 and become America’s fifth-largest metropolitan area behind only New York, Los Angeles, Chicago, and Houston.

Learn more about Wes: https://about.me/wes_edens/