2min chapter

Private Equity Deals with Capital Allocators cover image

Fenway Sports Group – Ian Charles (Arctos) and Sam Kennedy (FSG), (S2.EP.01)

Private Equity Deals with Capital Allocators

CHAPTER

Buying Sports Teams - How Did It Come About?

I think part of your question to Sam, the combination of the backgrounds and skill sets of our team was very different than what I think most ownership groups in most leagues had seen before. We were problem solvers. We had operating experience and industry experience from Doc and the rest of our partners combined with this market illiquidity experience and skill set. And that really unlocked it for us. Half of what we do is providing the minority owners in these sports teams with liquidity,. Just like my team and I used to provide the limited partners with liquidity  in their private markets franchise. That tactical secondary style of investing and sourcing and deal execution is very, very valuable strategy.

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