NBA

Sacramento River Cats form partnership with Sacramento Kings and Arctos Sports Partners

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Kings will be majority owner of the MiLB Triple-A Crew

Susan Savage continues to serve as Strategic Business Advisor and continues to be part of the Ownership Group

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Today, the Sacramento River Cats, Sacramento Kings and Arctos Sports Partners announce a new partnership that makes the Kings the majority owner of the MiLB Triple-A team, bringing together the business operations of the River Cats under the Kings umbrella. The River Cats will remain the Triple-A affiliate of the three-time World Series champion San Francisco Giants, and longtime River Cats owner Susan Savage will continue to serve as a strategic business advisor and member of the ownership group.

“My sons, Jeff and Brent, have helped me continue what my late husband Art started in 2000, providing fun, safe, family-friendly entertainment to everyone in the Sacramento area,” said Susan Savage, Business Advisor strategy of River Cats. “As our family seeks to embark on new ventures, we have identified the Sacramento Kings as the perfect strategic partner to continue this tradition while deepening the organization’s footprint in a region we all love. It has always been about the community and our employees and that will not change.

“We are thrilled to partner with Susan Savage and her family, who have made the River Cats a tremendous community asset with great brand and tradition,” said Vivek Ranadivé, owner and president of Sacramento Kings. “We look forward to building on their inspiring legacy and continuing to provide families with memorable experiences. »

“We are proud of our partnership with the Kings and strongly believe in Vivek’s innovative vision to build a world-class sports and entertainment platform, coupled with its deep commitment to the Sacramento community,” said Chad Hutchinson. , partner of Arctos Sports Partners. “This is a unique opportunity to bring together two iconic organizations in one of the most dynamic markets in the country. We are committed to working closely with the Kings to serve the Sacramento community and provide an exceptional fan experience.

“In Sacramento, sports are part of who we are and a common cause that brings us all together. The Kings, River Cats and all of their fans embody the passion, energy and civic pride of our great region,” said MLA Doris Matsui (CA-06). “This announcement builds on this close-knit community fabric, bringing together two Sacramento icons and economic pillars of our region. I want to especially thank Susan Savage, her late husband Art and their son Jeff for their incredible leadership over the past two decades. The River Cats organization is a regional institution – and it took tremendous dedication and hard work to make it the community pillar it is today. Adding the expertise of Vivek and the Kings management team, I know it will only grow. Ensuring the River Cats stay here in the Sacramento family is not just about the economic vitality of the region, but also about maintaining the community bonds that define our local teams.

With nearly 60 years of combined history in Sacramento, the Kings and River Cats have long prioritized giving back to the region and today’s announcement enables deeper impacts and investments. Through community programs and initiatives such as Jr. Kings programming, the Kings and Queens Rise Co-Ed Youth Sports and Mentoring League, and basketball court renovations, the Kings dedicate time, resources, talent and passion for giving the community the support it needs to thrive. In recognition of their leadership in social responsibility and the fight against social injustice, the Kings received the NBA Inclusion Innovation Award in 2019 and 2020.

Similarly, the River Cats have impacted the community through the AAA school program, Home Run Tours, running camps at the River Cats Independence Field for children with disabilities, renovating baseball and softball fields , the Art of Baseball calendar, and Sutter Health hospital visits. Additionally, the River Cats Foundation was established in 2000 and focuses on financially supporting family and youth activities in the greater Sacramento area.

The Kings have a community approach to real estate and business development. The organization has been instrumental in the revitalization of downtown Sacramento, making Golden 1 Center and the surrounding Downtown Commons (DOCO) a thriving center for business and entertainment that attracts hundreds of thousands of people each year. in the urban core of Sacramento. As the most technologically advanced and sustainable arena in the world, Golden 1 Center is 100% solar powered and runs an industry-leading food and beverage program that uses 90 % of ingredients available within 150 miles of the arena, thereby reducing its carbon footprint and supporting the local economy. Additionally, the Golden 1 Center is one of the most successful arenas in the world – ranking 6th in the world and the United States for ticket sales according to Pollstar. In 2021, Golden 1 Center sold over 207,000 tickets for major concerts and shows, hosting 11 of the world’s top 100 tours.

The River Cats franchise was purchased by Art Savage in October 1998 and moved to Sacramento prior to the 2000 season from Vancouver (Canada). Since moving to Sacramento, the River Cats have won five Pacific Coast League titles and are the only club to have won three Triple-A championships. In 2021, the River Cats and the Giants signed a long-term partnership extension that maintains the River Cats as the Giants’ top minor league affiliate through the 2030 season. Sutter’s Health Park was built in 2000 and became the cornerstone of West Sacramento’s Bridge District development as it draws hundreds of thousands to the area for ball games, Brewfest at the baseball stadium, the fourth on the field, concerts, various sporting events, walks, diplomas and more.

Arctos Sports Partners is a private investment firm that invests in and partners with innovative and visionary ownership groups, sports companies and leagues in North American professional sports and European soccer. Arctos partners can leverage the deep industry knowledge and operational expertise of the firm’s 30 investment and operations professionals and senior advisors, including Theo Epstein, to help create value extra for their organization.

Dan Barrett of CAA ICON and Bob Stanley of Evolution Media Capital served as selling advisors to the Sacramento River Cats.

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