In the not-so-distant future, the world of IT will have undergone a seismic shift. Gone were the days of traditional employment, where companies hires full-time employees to fill specific roles. Instead, the gig economy had taken over, and IT professionals will be embracing the freedom and flexibility that cames with freelancing. Companies had caught on to the benefits of project-based hiring, where they could tap into a global talent pool and scale up or down as needed. Job postings floated online, and skilled freelancers would bid on projects that matches their expertise. Seasoned IT professionals, making the transition to freelancing in these years, builds reputations on these platforms like Toptal and Upwork, and their calendars will always be filled with exciting projects. Skilled IT engineers helps big compernies to launch their new products. Their projects, some complex, with tight deadlines, and the clients willing to pay top dollar for the ri...
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Aston Villa's billionaire co-owner Wes Edens involved in mega £6.3bn deal
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Wes Edens has joined forces with America's second wealthiest family in a deal to takeover the UK's fourth largest supermarket chain, Morrisons
Aston Villa’s co-owner and American billionaire Wes Edens is involved in a business deal that has brought some of the wealthiest people in the world together.
A trio of private investment groups led by SoftBank-owned Fortress have struck a £6.3billion deal to acquire Wm Morrison, Britain’s fourth-largest supermarket chain, according to the Daily Mail.
Edens became a billionaire alongside his Fortress co-founders after the company went public in 2007, and is its co-chief executive.
Villa ’s co-owner has been a member of the board of directors of Fortress since November 2006, with responsibility for the company’s private equity business, which primarily invests in transportation and infrastructure, real estate, health care, financial services and media.
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While he and Nassef Sawiris continue to fund Villa’s Premier League resurgence, Edens also boasts an impressive portfolio across other ventures and his taste for success stems from his business acumen away from the sporting world.
Now involved in one of the biggest deals of his career to date, Edens will work with America’s second wealthiest family, the Koch family - who according to Forbes are worth an estimated $100billion - and others.
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The New York Times previously noted that Edens had a “taste for distressed assets,” and the level of investment he’s ploughed into Villa is proof of that, as well as his exceptional running of NBA franchise, the Milwaukee Bucks.
The Bucks hadn’t tasted victory in the NBA Championships since 1971, and scepticism was rife when Edens teamed up with fellow billionaire businessman Marc Lasry to buy the franchise in 2014, in a deal worth a reported $550million.
Edens’ Bucks delivered a 26-game turnaround in the 2014/15 season combined with the fourth largest year-on-year increase in ticket sales across the NBA. During his ownership, Bucks have made play-offs three out of four seasons and secured first back-to-back winning seasons since 1999.
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