Tag Archives: Financial

Which of Wes Edens’ Franchises is More Valuable: Bucks or FlyQuest?

Diversification is an important goal for wealth portfolios. Finding the best brands in a number of different markets can help you outlast the tough times. Did billionaire invest in the NBA Milwaukee Bucks and League of Legends Flyquest teams for the sake of diversification? Which of these brands is more valuable?

NBA Milwaukee Bucks

Sports franchises continue to increase in value due to jersey sales, trademarks and media contracts. Forbes calculated that the NBA Milwaukee Bucks franchise was worth $1.075 billion. After assuming partial ownership, Wes Edens invested in a $524 million arena with apartments and retail businesses as part of a 30-acre downtown development.

Time rests for no man.

The “Association” franchises also tend to be owners of valuable real estate. Cities are proud of their home-grown teams and will assist with marketing. This might include festooning the city streets with team banners. Everyone wins with sports franchises.

 League of Legends FlyQuest Family

Billionaire Wes Edens has expanded his sports investments portfolio by purchasing the League of Legends Flyquest for $2.5 million. Electronic sports are the wave of the future. South Korea, Japan, Canada, Sweden and the United States are some of the top markets.Cloud9 has become an eSports industry leader. Some believe that its FlyQuest brand needed a boost. Owner Wes Edens revamped the lineup to prepare it for a more competitive field.The Unranked Smurfs counted 80 million monthly players of League of Legends in 2017. This market has a tremendous potential for growth. Just think of those who love the NFL, but did not invest in a football franchise before the advent of the Super Bowl.Now, billionaire Wes Edens is getting in on the ground floor, just as he did by taking the Fortress Investment Group public. By being an early investor, Mr. Edens can influence the future of the entire industry. There are also synergies between his NBA and League of Legend’s brands.And, FlyQuest has also become a family affair since Ryan Edens will help run the team. Experts would guess that Ryan had played League of Legends when young and become a fan of Cloud9. Now, he is not only a fan, but an owner.Sports is about making money and having fun. Wes Edens plans on doing both. While the Bucks are more valuable at this time, FlyQuest has more potential.