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SBD/Issue 184/Sports Industrialists
Names In The News
Published June 8, 2010
|Galatioto Has Helped Buy Or Sell 14
Pro Sports Teams Over Last Decade
BLOOMBERG BUSINESSWEEK'S Aaron Kuriloff profiled Galatioto Sports Partners President SAL GALATIOTO, who over the last decade has "helped buy or sell 14 professional sports teams, making him a leader in this corner of the mergers and acquisitions world." Galatioto "helped the RICKETTS family buy" the Cubs, assisted in the sale of the Bobcats to MICHAEL JORDAN and recently was hired by CHRIS COHAN to help sell the Warriors. Galatioto said that his sports-team transactions "accounted for nearly 40 percent of the market's $10.1 billion in deals over the past 10 years." Galatioto, 58, "got involved in sports when he was in charge of the East Coast region for Société Générale and looking for ways to increase revenue." He "built a business lending money to professional teams," and then "asked the bank to let him set up a specialty practice within the bank to focus on sports." Galatioto currently is "considering opening an office in Europe but otherwise doesn't have expansion plans" (BLOOMBERG BUSINESSWEEK, 6/7 issue).
LEAD BY EXAMPLE: In Toronto, Kevin McGran profiles Blackhawks Chair ROCKY WIRTZ, who is "providing the template for what it takes to be a successful owner." Wirtz is "involved, not shy of publicity, and part of the conversation when fans talk about his team." He "walks the stands of the United Centre, stopping to talk to fans, shake a few hands, sign a few autographs." And he gets his players to "do the same thing." Wirtz: "Embrace your fans and really work with them" (TORONTO STAR, 6/8)....AD AGE's Natalie Zmuda profiles Gatorade CMO SARAH ROBB O'HAGAN as part of the publication's "Women To Watch 2010" list. O'Hagan is steering Gatorade through the "biggest reinvention in its history and looks to return the multibillion-dollar brand to growth." She previously "spent nearly six years at Nike, where she oversaw the Air Max 360 launch, worked to develop the company's fledgling action-sports business and was involved in the creation of Nike Plus" (AD AGE, 6/7 issue).
BATTER UP: Indians Exec VP & GM MARK SHAPIRO, in a Q&A with the Cleveland PLAIN DEALER's Teresa Dixon Murray, said he "inherited a love of the game from" his dad and "grew up around the business side of the game." Shapiro: "After working a couple of jobs that didn't capture my passion (in business and analytics), I started pursuing a job in baseball." Shapiro said his favorite part of his job is that "it's about bringing people together and assembling a group of people that can perform efficiently at the top of their business both on and off the field." He said his least favorite part of the job is "probably the lack of control of many aspects of the job." Shapiro: "We compete 162 times a year whether I want that to happen or not. And the results of any one of those 162 games can dramatically alter the 24 hours or 48 hours or week that follows" (Cleveland PLAIN DEALER, 6/6).
|Fans Line Up To Buy U.S. Open Tennis
Tournament Tickets At Kiosks In N.Y.
NAMES: California-based affordable housing firm Learning Links Centers LLC has formed a partnership with Pro Football HOFer EMMITT SMITH's ESmith Legacy Inc. to "buy and redevelop apartments." The companies will "invest in more than $250 million in housing properties in major U.S. cities." The "first joint project will be a 326-unit apartment complex in North Dallas." The companies also plan to "look for opportunities in Los Angeles, Washington, Baltimore, New York, Atlanta, San Francisco and Sacramento" (DALLAS MORNING NEWS, 6/8)....Tickets for the U.S. Open tennis tournament went on sale yesterday in N.Y. with "temporary kiosks placed on the 43rd Street plaza as well as a portable tennis court about a quarter the size of the real thing, where passers-by could try to hit targets and win free tickets" (ESPNNEWYORK.com, 6/7)....A 30-mile stretch of I-30 between Ft. Worth and Dallas will be officially renamed "TOM LANDRY Super Bowl Highway" in a ceremony at the Cotton Bowl next Tuesday. The stretch of highway, already named "Tom Landry Highway" in honor of the Pro Football HOFer, "will have the Super Bowl designation to commemorate Super Bowl XLV, which will be played at Cowboys Stadium in Arlington on Feb. 6" (STARTELEGRAM.com, 6/7)....Pacers Owner HERB SIMON and Colts Owner JIM IRSAY are serving as co-Chairs of a nine-member committee seeking to increase the Indianapolis Symphony Orchestra's endowment by $100M (INDIANAPOLIS STAR, 6/7)....The Mooresville (NC) Board of Commissioners last night voted unanimously to "issue a permit for an outdoor go-kart track in the town's new Mazeppa Park." NASCAR driver MICHAEL MCDOWELL and ARCA driver JUSTIN MARKS, who are behind the proposed track, "agreed to certain conditions before the board voted." The two "will limit use of the track to between 9 a.m. and 9 p.m. weekdays and Saturdays, and 12:30 to 6:30 p.m. on Sundays" (CHARLOTTE OBSERVER, 6/8)....Patriots Owner ROBERT KRAFT, golfer TOM WATSON, Baseball HOFer GEORGE BRETT and Fox News' SEAN HANNITY attended radio talk-show host RUSH LIMBAUGH's wedding on Saturday at The Breakers in Palm Beach, Fla. (BOSTON GLOBE, 6/8).
IN MEMORY: Former Utah AD JIM COPELAND died Friday at his home in Charlottesville, Va., at the age of 65 "after a long battle with cancer." Copeland served as Utah AD from '85-87 (SALT LAKE TRIBUNE, 6/8).