Sam Kennedy, president and CEO of the Red Sox, now sits on the board of directors of a public firm searching to devote in the “experiential entertainment” market.
Led by previous MGM Resorts Worldwide head Jim Murren, Acies Acquisition Corp. is a $200 million SPAC (a blank-check business fashioned to increase capital to receive minority or managing curiosity in an existing company) that released last fall.
Kennedy by now sits on the boards of several New England-based nonprofit companies. With Acies symbolizing his initial experienced board foray, Kennedy sights it as a résumé-rounding practical experience with a very clear start out and conclusion day.
“My hope is that I can add price at Acies, and this public business board obligation will include to my individual professional knowledge,” mentioned Kennedy, who, like Murren, is a graduate of Trinity School. “I am grateful for this shorter-term assignment.”
Illustrations of what type of an “experiential entertainment” business Acies could pursue variety from a conventional cafe chain, mobile gaming, and sports betting operation to a leisure bricks-and-mortar outfit these kinds of as a music location or amusement park. The corporation is centered on a US-based mostly home that is possibly customer-going through or a business-to-enterprise system.
Acies has a two-calendar year time body in which to consummate a deal, if not funds is returned to traders. In accordance to Acies’s prospectus, Murren is matter to a non-contend with MGM until finally late this March, which would signal a offer is not regarded as imminent.
Apart from their Trinity link, Kennedy and Murren cast a partnership in March of 2019, when MGM Resorts became the “official and distinctive resort casino of the Boston Purple Sox.”
For Acies, Kennedy serves as an independent board member, with appointments on the nominating and compensation committees.
The other 3 Acies board associates are Zach Leonsis, vice president and general manager of Monumental Athletics Network Brisa Trinchero, Broadway trader and entrepreneur and Andrew Zobler, founder and CEO of the Sydell Team hospitality business.
A Brookline native, Kennedy joined the Purple Sox govt suite in 2002. In addition to his Pink Sox obligations, Kennedy also serves as the main government of Fenway Sports Administration, a sports advertising and marketing and revenue company. The parent business of the Crimson Sox and FSM is Fenway Sports activities Team, whose principal proprietor, John Henry, also owns the World.
Kennedy serves on the Camp Harbor Perspective board of directors, the BASE’s advisory committee, the Dana Farber’s viewing committee for institute initiatives, the Beth Israel Deaconess trustee/advisory board, and the Winsor College board of trustees.