New Platform Launched To Connect Sports, Entertainment And Wealth Industry

Amanda Cheesley

30 May 2024

With the link between sports and wealth growing, San Francisco-headquartered Galway Holdings, a financial services distribution platform, has just launched a new brand: GalwayPlus™ Sports + Entertainment. It will provide wealth and risk management services to individuals, teams, leagues and organizations in the sports and entertainment industries.

The vision for GalwayPlus was to build a connection point for businesses within the Galway enterprise serving clients in the sports, entertainment and media industries. The result is a range of tailored wealth and risk solutions that benefit from the expertise of its advisors and businesses with investment management and risk advisory, the firm said in a statement. Galway currently features over a dozen businesses across retail brokerage, wholesale distribution, wealth management, including EPIC Entertainment & Sports and MAI Sports and Entertainment, as well as consulting services.

Will Wilson , former CEO and general secretary of the US Soccer Federation, who joined Galway in 2022 as chief corporate development officer, leads the GalwayPlus initiative. Along with Wilson, ESPN talent and Improbable Media co-founder and chairman Jay Williams will play a role in GalwayPlus’ differentiated approach to serving the sports, entertainment and media industries.

In addition to bespoke risk management services, GalwayPlus caters to the wealth needs and risks of professionals in the sports and entertainment industries, the firm said. Integrating sports and entertainment with wealth management will help ensure that high net worth individuals can manage and grow their wealth through innovative solutions tailored to their lifestyles, the firm added.

“The sports, entertainment and media industries are intersecting with opportunities for those in the spotlight to capitalize on their personal brands, complementing their performances on the court, field, stage and beyond,” Joe Mclean, chief growth and innovation officer and co-president sports and entertainment at MAI Capital Management, said. “Our goal is to be our clients’ co-pilot by empowering them with business acumen as they pursue their dreams and goals.”

Galway Holdings is a majority owner of MAI Capital Management, a Cleveland, Ohio-based RIA with $22.5 billion in assets. Galway’s businesses previously operated independently, but GalwayPlus aims to combine them in a coordinated way.