Cynosure and Checketts Form Groundbreaking Sports Venture
Introduction to the New Sports Investment Venture
Cynosure | Checketts Sports Capital Fund I is set to make waves in the sports investment arena as it prepares to allocate assets exceeding $1.2 billion. This innovative partnership brings together Dave Checketts, a notable figure in the global sports business, and The Cynosure Group, a respected private investment firm.
A Partnership Rooted in Experience
This strategic alliance showcases over four decades of combined experience in sports management and investment. Checketts' leadership has significantly contributed to the sports industry's evolution, while Cynosure’s robust financial resources position the partnership to take on high-potential opportunities across the sports landscape.
History of Collaboration
The partnership is not entirely new. Checketts and the Eccles family, founders of The Cynosure Group, have a history of collaboration. Their previous efforts were pivotal in retaining the Utah Jazz within their home city, creating a base for thriving sports investments.
Andy Eccles' Perspective
Dave Checketts expressed his excitement about this collaboration, highlighting the shared vision with The Cynosure Group: "By joining forces today, we are creating a powerhouse entity that will roll out competitive strategies on a global scale. We aim to influence the industry positively right from the start."
Investment Strategy Overview
The fund will focus on various sectors within the sports industry, such as
- Investment in professional and collegiate sports teams.
- Support for sports leagues and their governing bodies.
- Funding for stadiums, arenas, and sports facilities.
- Investment in innovative sports technology companies.
- Media rights acquisitions and broadcasting ventures.
About Dave Checketts
With a stellar career spanning more than 40 years, Dave Checketts has held significant leadership positions, including President and CEO of the Utah Jazz, and President of the New York Knicks. His tenure at Madison Square Garden was particularly noteworthy, as he was instrumental in transforming the Knicks into one of the most valuable franchises in the NBA. He has an impressive track record of ownership and leadership that includes championships in both the NHL and MLS.
Checketts Partners Investment Management
Currently, Checketts leads Checketts Partners Investment Management, which specializes in sports, media, and entertainment investments. The firm manages substantial stakes in emerging companies such as Gravity Media and Rhone Apparel, showcasing a diversification strategy that aligns well with their new joint venture.
A Closer Look at The Cynosure Group
Founded in 2013, The Cynosure Group has been at the forefront of private investment, taking on unique challenges and managing billions for various institutional investors. The company's name is inspired by the historic ship that brought David Eccles to America, symbolizing its legacy in investment success and innovation.
Leadership at Cynosure
Key figures like Spencer P. Eccles and Randal Quarles shape Cynosure's strategic direction. Spencer, rooted in both sports and finance, continues to influence significant sporting events in the state, while Randal, with his Federal Reserve experience, offers invaluable insight into economic stability and growth in sports investments.
Contact Information
For further information regarding Cynosure | Checketts Sports Capital, please reach out to:
Mike Dale:
(801) 930-0547
Joe Favorito:
917-566-8345
Frequently Asked Questions
What is the main goal of Cynosure | Checketts Sports Capital?
The primary goal is to invest over $1.2 billion in high-potential opportunities across the global sports industry.
Who are the key people involved in this partnership?
Dave Checketts, Spencer P. Eccles, and Randal Quarles are among the prominent figures driving this initiative.
What sectors will the fund focus on for investments?
The fund will target professional teams, leagues, stadiums, and sports technology, amongst other segments.
How does the history of Checketts and Eccles influence this venture?
The shared history and successful past collaborations give the venture a solid foundation and insight into sports investment.
When was The Cynosure Group founded?
The Cynosure Group was established in 2013, aiming to tackle various investment challenges innovatively.
About The Author
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