Bloomberg Talks
Steve Pagliuca Talks PE Stakes, Global Sports
Aug 28, 2024
Steve Pagliuca, co-owner of the Boston Celtics and senior advisor at Bain Capital Private Equity, shares insights on private equity's role in professional sports. He describes a recent NFL deal as a 'passive limited partnership position.' Pagliuca delves into the skyrocketing valuations in sports due to globalization and streaming, contrasting the NFL's dominance with challenges in European football. He expresses his ambition to acquire another football club, highlighting the growing interest in European markets.
09:15
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Quick takeaways
- Steve Pagliuca discusses how private equity ownership in sports franchises fosters new investment models while enabling billions in fresh capital for teams.
- The globalization of sports is significantly enhancing franchise valuations and reshaping media rights deals, making sports investments increasingly lucrative.
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