Dave Checketts, a prominent figure in professional sports with roots in Utah, has teamed up with the Eccles family’s private investment firm, Cynosure Group, to launch Cynosure|Checketts Sports Capital. The joint venture aims to raise $1.2 billion to invest in high-potential sports opportunities.
The Checketts and Eccles families have a long history of supporting sports in Utah, dating back to the 1980s when they played key roles in keeping the Jazz NBA team in the state. Checketts, who has an extensive background in sports management, has previously founded teams like Real Salt Lake and the New York Liberty.
Cynosure|Checketts Sports Capital already has deals in the pipeline and plans to invest in various segments of the sports industry, including professional and collegiate sports teams, sports leagues, technology companies, and media rights.
The partnership between Checketts and the Eccles family, who have a shared vision and track record of success, aims to capitalize on the growing opportunities in the sports investment realm. With the global sports industry booming and projected revenues expected to reach nearly $900 billion by 2033, the venture is well-positioned to shape the future of the industry on a global scale.
The collaboration between two powerhouse entities with deep ties to the sports world highlights the potential for growth and success in the sports investment sector. With Checketts’ expertise in building value across sports properties and the Eccles family’s longstanding involvement in Utah sports, Cynosure|Checketts Sports Capital is poised for success in the dynamic and lucrative sports market.
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