Wes Edens founder and co-chairman of Fortress Investment Group joins Esports league with purchase of Cloud9 Challengers League Championship Series spot. Wes Edens is a renowned businessman and investor and has developed a reputation of making very profitable returns on investment in the alternative asset sector. As the co-owner of the Milwaukee Bucks, Wes Edens has established himself as one of the more active investors in sports and entertainment industries. He was educated at Oregon State University where he received his Bachelors of Science in Finance and also in Business Administration degree as well. After a successful career as an investment manager at various organizations which enhanced experience levels and expertise in the evaluation and analysis required to succeed in the investment management business, a framework was established for Wes Edens to amass great wealth and power within the investment arena.
As the co-founder of Fortress Investment Group a company established on the foundation of providing proven profitable returns on investments in the alternative asset industry, Wes Edens has established himself as not only a leader but a trailblazer in this sector of Investments. With the purchase of Cloud9 Challengers League Championship Series, Wes Edens is striking out into a new area to create a winning culture and environment within the Esports industry. The purchase price of Cloud9 is roughly around $2.5 million with $700,000 going for the rights of the four players under contract on the team and for buyouts and the other $1.8 million was for the actual sale price. The players included in the purchase include An “Balls” Van Le, AD carry Johnny “Altec” RU, Daerek “LemonNation” Hart, Juan Arturo “Contractz” Garcia, and Hai “Hai” Lam. Wes Edens is one of four current NBA owners who actually have investments in the Esports Arena.
Wes Edens has established himself as a true trailblazer in investments and analysis of various opportunities to create solid returns on investment. With the acquisition of Cloud9, Mr. Edens is once again creating an opportunity to veer off from the norms of investment and move into an arena that is not quite mainstream in popularity and notoriety. With the financial backing of Wes Edens co-chairman of Fortress Investment Group, Cloud9 has an owner with enormous resources and keen analytical capital to bring to the table and facilitate the successful ownership team with the resources necessary to propel the team into championship levels of achievement.