A major private equity firm bought the leading sports investment firm, the companies announced Thursday. KKR took control of Arctos Partners in a deal valued at $1.4 billion, giving the private equity giant a significant foothold in professional sports. Arctos holds an extensive portfolio of ownership stakes across every major North American sports league, from the NFL and NBA to MLB, and in the NHL and MLS.
In the NBA, it holds minority stakes in the Golden State Warriors, Philadelphia 76ers, Utah Jazz and several others, including a stake in the Washington Wizards, which it acquired in December. It bought an 8 percent stake in the Los Angeles Chargers last year and also holds shares in the Los Angeles Dodgers and the Chicago Cubs. It also has a percentage of the soccer giant PSG.
New York Times
