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

Ian Charles and Sam Kennedy discuss Fenway Sports Group. Ian Charles is the founder and Managing Partner of Arctos Sports Partners, a private equity platform dedicated to the professional sports industry and sports franchise owners. He was a previous guest on Capital Allocators alongside his co-founder Doc O’Connor, and that conversation is replayed in the feed. Sam Kennedy is the longtime President and CEO of Arctos portfolio company, Fenway Sports Group. FSG is a twenty-year old global sports, marketing, media, entertainment and real estate portfolio that has taken cherished and iconic sports clubs to new heights. The business includes ownership of the Boston Red Sox, Liverpool Football Club, and Pittsburgh Penguins, and a series of related real estate and media assets. Our conversation covers the Fenway Sports Group holdings, business drivers, and attractiveness as an investment. We discuss Arctos’ sourcing, underwriting, and perceived risks of the deal, and then turn to Sam’s operating strategy, tuck-