The information comes simply greater than two months after Epstein cut up with the Cubs, ending a nine-year run throughout which Epstein dismantled and rebuilt the membership’s roster and farm system and in the end gained the 2016 World Sequence.
Epstein advised reporters in November he envisioned staying near baseball sooner or later as a part of an possession group. Teaming with Arctos aligns with that aim, because the 47-year-old will advise possession teams of groups through which Arctos has a stake.
“His expertise driving organizational excellence and constructing profitable cultures shall be a priceless useful resource for us and our companions,” Arctos Managing Associate Ian Charles stated in an announcement. “Theo brings a deep understanding of just about each side of sports activities administration, and an undisputed monitor file of success on the highest ranges.”
Arctos has greater than $950 million in property underneath administration and is looking for permission to purchase limited-partner stakes in NBA franchises, in keeping with sports activities enterprise publication Sportico. Charles and former Madison Sq. Backyard CEO David O’Connor launched the corporate in 2019.
“Arctos has such a superb mission and such distinctive experience that in simply over a 12 months of existence, the agency has already began to reshape the sports activities panorama for the higher,” Epstein stated within the assertion. “I’m excited to discover all of the methods we are able to companion to deliver new alternatives, artistic options and actual worth to skilled sports activities franchises and leagues.”
The announcement comes lower than three weeks after Main League Baseball introduced it had employed Epstein as a marketing consultant on rule modifications and different issues associated to the motion on the sphere.