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Pro sports veteran Dave Checketts and Eccles' family business unite on new investment fund

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New investment effort continues long-running relationship that tracks back to debut of big time pro sports in Utah
Dave Checketts, a former CEO of Madison Square Garden and the Utah Jazz, has partnered with the Eccles family to launch Cynosure Group, a new private equity fund focused on sports investments. The fund, which has already raised $100 million, aims to invest in sports teams, leagues, and related businesses, with a particular interest in opportunities in Utah. Checketts, who has a long history in the sports industry, including stints with the NBA, NHL, and MLS, sees potential in Utah's growing sports market, especially with the upcoming 2034 Winter Olympics. The Eccles family, one of Utah's most prominent business families, brings their extensive local connections and business acumen to the partnership. Cynosure Group's first investment is expected to be announced soon, with rumors suggesting it could involve a stake in a local sports franchise.

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