How much is Gerry Cardinale's net worth? I am Shreya Minocha, A wordsmith; extremely fond of cinematic versions and keen to write entertainment articles expressing my pov on the same. +. About RedBird Capital Partners. Shreya Minocha. Portfolio Expansion and M&A: Compass is now one of the largest privately-owned wholesale data center platforms in North America. The potential SpringHill deal isnt the first time Cardinale and James have crossed paths. New York-based investment firm RedBird Capital Partners are looking to takeover Premier League club Liverpool following an official statement from FSG putting up the club for sale, know about the firm's owner and net worth. New York private equity firm RedBird Capital, Nike, Epic Games and Fenway Sports Group acquire roughly half of James and Maverick Carter's L.A.-based production company. FSG, above everything, is an investment firm that seeks to profit and this autumns collapse of the pound points to it being a good time for American investors. FSG announced Wednesday in a press release RedBird Capital Partners has invested in the Boston-based global sports, entertainment and real estate platform, and LeBron James, Maverick Carter and . This means that we may include adverts from us and third parties based on our knowledge of you. That takeover was funded with more than 300mn of high-interest loans from Elliott, which seized control in 2018 after Li defaulted. RedBall Acquisition Corp (RBAC.U)'s detailed insider trading history can be found in Insider Trading Tracker table. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Gerry Cardinale (born in 1961, age: 61 years) is a popular businessman, Investor, Philanthropist, Finance expert, Entrepreneur, Company owner, and a famous personality from America. RedBird Capital Partners founder Gerry Cardinale at San Siro not long after completing a takeover of AC Milan. In 2019, he was noted as . Everyone Should Be Aware Of These 10 Cryptocurrency Myths, Action Packed The Expendables 4 Will Rock Theatres, Gran Turismo is An Inspiring True Story. FSG also own the Boston Red Sox, the Pittsburgh Penguins ice hockey team and a TV network - but Liverpool, according to valuations, will be worth about 3.5bn, according to Forbes. Nowadays, people have started supporting his work and other things. Cardinale earned most of his wealth from founding RedBird Capital Partners in 2013 and working as a partner for Goldman Sachs from 1992 to 2012. Jul 2013 - Present9 years 8 months. Read More TOKYO REVENGERS SEASON 2 : CHRISTMAS SHOWDOWN. In 2019, the Azrieli Group (TASE:AZRG), the largest real estate company in Israel and majority owned by the Azrieli family, made a strategic investment into Compass, becoming a value-add partner to the company and to RedBird. RedBird Capital wants to sell its stake in NFL, MLB players' union firm - a risky business worth up to $2 billion. 2004-2023 GuruFocus.com, LLC. The private investment firm RedBird Capital owns 40% of OneTeam Partners, which leverages pro football and baseball players' name, image and likeness. Several private funds are also advised by Redbird Capital Partners Management. A spokesman for RedBird declined to comment, citing SEC prohibitions on marketing offerings. Redbirds capital as of 2023 is worth 7 billion US dollars currently. FOUNDED: 07/24/2013. The NBA is the most internationally marketable organization of the four major U.S. sports leagues. In addition, you can get more articles related to net worth by clicking the links below: RedBird Capital Partners and Blade Air Mobility Strengthen Partnership to Leverage RedBirds Aviation, Sports and Entertainment Assets Aquarian Closes Acquisition of Somerset Reinsurance, How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck, Jeff Zucker, RedBird Capital Partners and International Media Investments Launch Joint Venture to Invest in Global Media and Entertainment Properties, Jeff Zucker, Former CNN President, to Lead Sports-and-Media Investment Firm RedBird IMI, Future Beat (Sep. 2018), a music industry VIP events leader founded by the creator of the VIP divisions at both Sony Signatures and Live Nation. We also led two debt financings and four acquisitions: Description: Compass Datacenters develops and owns wholesale data center facilities, leveraging a success-based, build-to-suit capex model, which is supported by long-term leases with attractive counterparty tenants. It does not store any personal data. Gerry Cardinale took up ownership, founding, and CEO responsibilities of RedBird Capital Partners in 2014. 2023 CNBC LLC. As always you can unsubscribe at any time. Gerry is a business owner, investor and founder of Redbird Capital Partners Company. A Division of NBCUniversal. Gerry Cardinale is the managing partner and founder of RedBird Capital Partners. It was founded by the NFLPA and Major League Baseball Players Association, launched in 2019, and now oversees established licensing agreements with top companies including Electronic Arts, maker of the Madden video game franchise, Take-Two Interactive and Sony. RedBird Capital: Dan Gagnier Gagnier Communications +1 646 569-5897 RedBird@gagnierfc.com. Private investment firm RedBird Capital wants to unload its 40% stake in OneTeam Partners, a firm mainly run by the National Football League Players Association, people familiar with the matter told CNBC. Sports bankers call OneTeam the 33rd NFL team meaning it holds value for unions, especially in football because it allows them to share equally in a portion of league revenues. The firm just purchased a 10% slice last year and also purchased various controlling stakes in AC Milan and Toulouse. With Dany Garcia and Dwayne The Rock Johnson now at the helm, he's excited to see all the opportunities that this league will create for players to showcase their talent and make their dreams come true. Garry Cardinales renowned firm RedBird Capital currently has a $6 billion USD capitalization. Griselda San Martin | Bloomberg | Getty Images, MLB joins the NFT boom with first token to honor Lou Gehrig. Entrepreneur and Family Office Relationships. He is the founder and owner of a popular private investment firm RedBird Capital Partners. You might contact Redbird Capital Partners Llc via mailing address: 667 Madison Avenue, 16th Floor, New York Ny 10065. People familiar with the matter say that private equity firm RedBird Capital is in advanced discussions to make a . As Dana White was quick to point out, RedBird manages over $4 Billion in assets. Published Wed, Jun 16 2021 12:52 PM EDT. While he is engrossed with the X's and O's, the roster building and more, it has always been his goal to keep the players first in mind in coverage, showing the human aspect of this sport behind all the action on the field. That deal included NBA star, LeBron James. 1,700 proprietary opportunities sourced. PrimeSport (Dec. 2017), a leading hospitality/ticketing provider with long term contracts/relationships with over 200 rights holders. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. These cookies track visitors across websites and collect information to provide customized ads. Refer a Friend and Earn One Month of Free Membership. Jabari Young @JabariJYoung. Long-term money is also available through a partnership, businesses, and families. In fact, FSG are not putting up the club for a firesale. . RedBird Capital are an investment firm based in New York with reportedly $7.5bn of assets under their management. Based on ownership reports from SEC filings, as the reporting owner, Redbird Capital Partners Llc owns 2 companies in total, including The firm is looking to sell its stake, which could be worth $800 million, less than two years after it launched in 2019. James bought 2% of Liverpool in 2011 and exchanged his stake to grab a reported 1% investment in FSG earlier this year. Effectively, as first reported by The Athletic, they are saying: the club is for sale but only at the right price and there may also be the potential to buy a minority stake. Over a two-year period, RedBird successfully executed on this strategy, building one of the largest independent MGA platforms in the U.S. From June 2019 through December 2020, Constellation executed on strategic acquisitions that scaled the platform from $3 million to $62 million of pro forma Adj. of 0 shares. sale He has been assembling an expansive portfolio of assets, taking a minority stake earlier this year in Wasserman, a sports marketing and talent agency, and investing $275 million into David Ellisons Skydance Media, the studio behind the Oscar-winning movie Parasite. In addition, RedBird engaged Parthenon to help integrate. Above is the net worth, insider trading, and ownership report for Redbird Capital Partners Llc. Stock quotes provided by InterActive Data. Such forms are required to disclose sales to accredited investorsinstitutional investors or high net worth individualsbut generally divulge little information, including the amount of money sought. This cookie is set by GDPR Cookie Consent plugin. That prospect remains some way down the line, of course. Two of the individuals who discussed the matter believe the $2 billion figure is undervalued, but if correct, RedBird's stake increased to roughly $800 million in less than two years. Dwayne "The Rock" Johnson is the latest investor to make a bet on spring football, resurrecting the XFL for a potential third life. But, OneTeam could thrive should it eventually capture both NBA and hockey unions. OneTeam's assets, including the Major League Soccer and Women's National Basketball Association players' unions, look good on paper. RedBird is technically a team owner now and has an interest in player affairs with OneTeam. RedBall Acquisition Corp (RBAC) With recent additions like Zaniola and seasoned professionals like Zlatan, the Italian Red Giants are undeniably back in form. The Company primarily invests in sports, TMT, financial services, and consumer goods. Anchored by a 15-year contract to bundle and monetize exclusive hospitality and ticketing packages at the Super Bowl and the NFLs other marquee events, OLE today is one of the worlds largest live event experiential companies, with over 200 rights holder partnerships, including the NCAA Final Four, Ryder Cup and PGA Championships, 50+ college bowl games, music festivals and hundreds of global music tours. Conor McGregor, the MMA star whose net worth is in the region of 150m, is not one of them. RedBird founder, Gerry Cardinale, invested in OneTeam in 2019. Copyright 2022 XFL News Hub. By clicking Accept, you consent to the use of ALL the cookies. RedBird Capital, one of the biggest industry names in New York as of 2023 was founded by former Goldman Sachs partner Gerry Cardinale, and currently manages over $7 billion of capital, mostly across various business verticals in sports, TMT, financial services, and consumer goods. Private investment firm RedBird Capital wants to unload its 40% stake in OneTeam Partners, a firm mainly run by the National Football League Players Association, people familiar with the matter told CNBC. Sunil Gavaskar chooses to ask Alan Wilkins about the Kohinoor diamond during an IPL match. The cookie is used to store the user consent for the cookies in the category "Other. In recent notable deals, RedBird bought equity in LeBron James SpringHill entertainment venture, a 15% ownership of Twenty20 cricket franchise Rajasthan Royals and struck a deal to sell laser tag and bowling restaurant chain Main Event to Dave & Busters for $825 million. Winners List: SAG Awards 2022- Squid Game gets Outstanding awards? RedBird Capital Partners is a 10-foot-tall statue of the Incredible Hulk. Mark Previews Week 3 of the XFL season. Continue with Recommended Cookies, Your email address will not be published. FSG is primarily an investment firm seeking to gain profits. Dwayne Johnson, along with his ex-wife and business partner Dany Garcia and private investment firm RedBird Capital, bought the XFL. You might contact Redbird Capital Partners Llc via mailing address: 667 Madison Avenue, 16th Floor, New York Ny 10065. Mega. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Redbird Capital is a well-known figure in the world of media. John Henry, the current owner is simply considering bids for the club that his group purchased 12 years ago. The deal was worth a reported $15 million, according to Sportico. More from Sportico.com He was ecstatic. , Reba McEntire: Everything that you should know about the famous singer! The Company's investments focus principally on sports, TMT, financial services, and consumer. The 36-year-old Los Angeles Lakers superstar came in as the fifth-highest-paid athlete on the planet on this years Forbes list, with earnings of $96.5 million over 12 months. Heres Why, Ted Lasso and Shrinking Comes With Humor and Emotions, Get Ready for the Murder Mystery A Haunting in Venice. Private equity firm RedBird casts net for L.A. deal-making with new partner Andy Gordon. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Learn how your comment data is processed. 10 percent owner Paul J Glazer RedBird Capital has filed paperwork with the Securities & Exchange Commission to launch its fourth fund. We want to hear from you. In sports business circles, the timing and valuation of RedBird's stake in OneTeam is questionable. Consistent with our thesis, Constellation is an accretive acquisition for a strategic investor given the breadth of the platform and scale opportunities ahead. That allows companies to activate better sponsorships and leverage licensing deals. B. RedBird Capital finds $618 million, but loses a co-founder. Entrepreneur and Family Office Relationships. Gal Gadot Netflixs Upcoming Film Heart of Stone, Netflix Film Havocs Story Expands From a Failed Drug Deal, A Musical Fantasy Film of 2023 Wonka is Coming Soon, Heres What You Need To Know About Disneys New Movie Wish, Michael Mando Was Fired From an Apple Series. Here are some ideas to help you relax and make your thoughts tranquil. Is Shohei Ohtani married ? We also use third-party cookies that help us analyze and understand how you use this website. It combines with Entrepreneur & Family Office Network to provide high-growth businesses with flexible, long-term finance. Gerry Cardinale is the Founder & Managing Partner of RedBird Capital Partners. Description. Description: In April 2015, RedBird partnered with the NFL and its 32 team owners (32 Equity) to create OLE as a standalone, independently capitalized live event experiential business platform. As of now, FSGs key investors, the RedBird Capital Partners investment group, are a potential candidate. Redbird Capital is a private investment company. But it puts MLBPA executive director Tony Clark, who also has a board seat with OneTeam, in an awkward position. New Development Leasing & NOI Growth: As Compass has expanded into new markets and developed additional facilities, property-level NOI has increased 5x under RedBirds ownership to support both new and existing customer growth. RedBird Capital Partners has bought a stake in Fenway Sports Group for about $735m (533m), Liverpool's owners have confirmed. Advertisement. thirteen private equity funds, namely. This is fiduciary capital, and when discussing the NBA's private equity play, a Wall Street CEO noted firms like RedBird don't make a return on fiduciary money until they sell something. Wall Street bankers are floating its enterprise value is up to $2 billion. Looking ahead, the company is well-positioned as a direct beneficiary of the continued rapid growth in cloud computing and data demand needs. RedBird Capital Partners founder Gerry Cardinale is poised to score a piece of the Boston Red Sox after striking out on an earlier deal. How Science-Backed Intuition and Emotional Intelligence Help the Smartest Minds Make Better Decisions? Barry Gossage | National Basketball Association | Getty Images. RedBird Financing Partners is a private investment company. Other key executives at RedBall Acquisition Corp include New Delhi: Shares of Chennai Super Kings (CSK) are buzzing again in the unlisted market after global investment firm RedBird Capital Partners acquired a 15 per cent stake in another IPL franchise, Rajasthan Royals (RR), on Thursday. HOVER TO REVEAL NET WORTH BY YEAR. Gerrys business has a strong network of businesspeople. To date, RedBird manages over $6 billion of . Analytical cookies are used to understand how visitors interact with the website. The move comes nearly five months after the Yankees purchased a minority stake in Milan and RedBird Capital Partners acquired a controlling interest in the seven-time European champion for 1.2 billion euros ($1.3 billion). As Dany Garcia and The Rock are the new owners of the XFL, RedBird Capital Partners is a key player moving forward. RedBird's role in the partnership includes negotiating terms for OneTeam, finding new collective rights opportunities and growing value. Gerry, a successful businessman, is said to have been born in 1961. RedBird Capital Partners, who own an 11% stake of Liverpool's owners Fenway Sports Group, are one of the US-based groups assessing the feasibility of a bid for Chelsea, according to ESPN.. When was Gerry Cardinale born? The information on this site is in no way guaranteed for completeness, accuracy or in any other way. RedBird reveaked its investment in FSG March 2021. For now, though, NFL and MLB are the core unions at OneTeam. RedBird Capital Partners General Information. In this episode, we hear how Ghazi opened his own recording studio at the age of 18, bringing fresh ideas to an industry he would eventually shake to its core by distributing the debut album of Kendrick Lamar. IPL 2022: Hardik Pandya and photos of with his Main Man MS Dhoni goes viral. OF EMPLOYEES: 11-50 employees. Year: Net Worth: 2019: $6 Million : 2020: $6.5 Million: 2021: 7 Million: 2022: 7.5 Million: RedBird Capital (Europe excl. , New York, NY. Gerry is 61 years old as of 2022. RedBird Capital Partners is a private investment firm focused on building high-growth companies with flexible, long-term capital in partnership with its Entrepreneur & Family Office Network . RedBird also led two debt financings for the Company to help fund M&A activity, Consistent with our thesis, Constellation is an accretive acquisition for a strategic investor given the breadth of the platform and scale opportunities ahead, Meet the ex-Goldman banker Who Relaunched the XFL with The Rock, BLADE Air Mobility and Beta Technologies Historic EVA Flight in New York, Blade Air Mobility and BETA Technologies complete historic Electric Vertical Aircraft flight in New York, Yankees president Randy Levine joins AC Milans board. The leagues ratings were up, attendance was skyrocketing in markets like Seattle and St. Louis, and the onfield product was drawing interest all over before the lockdown ended the season. In addition to making more money each day, Redbird Capital is becoming more well-known. Since the initial investment, RedBird has helped source key hires to expand the senior management team. All Rights Reserved. OneTeam started with $125 million in funding, according to Crunchbase. Redbird Capital Partners Llc is the 10 percent owner of RedBall Acquisition Corp. Formerly owned by Ardent Leisure, Main Event was sold to its competitor Dave & Busters in June 2022 . Click here to see the complete history of Redbird Capital Partners Llcs form 4 insider trades. Prior to the SpringHill deal, Forbes estimated James net worth to be roughly $850 million. "No, I definitely would not exclude it as it would be a privilege but I think that Liverpool is in fantastic hands with the current group," Cardinale said at a Financial Times summit last year. XFL, a professional American football league, for more than $15 million, along with her ex-husband Dwayne Johnson and RedBird Capital Partners. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'xflnewshub_com-large-leaderboard-2','ezslot_9',130,'0','0'])};__ez_fad_position('div-gpt-ad-xflnewshub_com-large-leaderboard-2-0'); Much of the blueprint is still laid out, but theres a lot of work to be done, and Im excited by all aspects of the new ownership group. It's a non-controlling stake, but considering the rocky history of MLB players and owners, double-dipping in the baseball business is tricky. Matt Nagashima has been covering the XFL since before the 2019 Draft, and has witnessed history being made as a Credentialed Reporter for the Dallas Renegades. $6 Billion assets under management. Founded in 2014, RedBird Capital Partners is a private equity firm based in New York, New York. of 0 shares. EBITDA, representing a blended average purchase multiple of <9x and a significant discount to relevant comps (11-13x on average). We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. PHONE: 1-212-235-1000. It makes a percentage of the return from revenue. Gerry Cardinale is the founder and the managing partner of RedBird Capital Partners. RedBird Capital Partners are an investment firm who own 10% of FSG, Liverpool's current ownership group . The company filed a series of Form Ds with the SEC for the RedBird Capital Fund IV on Friday and yesterday. The firm is betting the NIL space will explode with colleges coming online, and thinks non-fungible tokens (NFTs) will play a factor. GuruFocus.com is not operated by a broker or a dealer. Fenway Sports Group have confirmed they are open to offers, sold to US-based investors for 2.5bn earlier this year, FSG's staggering price tag to sell Liverpool as John W. 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Gerry Cardinales business has so far invested in 30 platform businesses with a combined investment value of $30 billion USD. the acquisitions, leading to $6 million of run-rate synergies (>2x the underwritten figure). Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Gerry Cardinale, founder of RedBird, previously refused to rule out any chances of becoming Liverpools majority owner. , Its money talk right now, but well be back to football sooner than you think. The company has executed multiple strategic acquisitions, most notably the acquisition of Root Datacenters in Montreal (July 2019). The deal values the owner of the Boston Red Sox and Liverpool FC at more than $7 billion, according the people, who were granted anonymity because the matter is private. This is a private firm that makes investments in a range of markets, including consumer products, media, sports, and financial services. Net worth. Main Event Entertainment is an American chain of family entertainment centers.Headquartered in Plano, Texas, it operates 50 locations in 17 states, predominantly in the Southern United States, and feature attractions and features such as bowling alleys, arcades, and restaurants among others.. I cover the intersection of sports, business and technology. Baseball players have shown little interest in enhancing their marketability. Got a confidential news tip? According to a report, Amazon plans to raise the maximum base salary for US employees to $350,000. FSG already owns the Boston Red Sox, the Pittsburgh Penguins hockey team, and a television network, but Forbes estimates that Liverpool will be worth roughly 3.5 billion. RedBird Capital Partners ("RedBird") today announced that it has completed the acquisition of Associazione Calcio Milan ("AC Milan", "Milan" or the "club") for 1.2 billion.. For one hundred and twenty three years AC Milan has been synonymous with championship level football. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. If tech stocks fall, cryptocurrencies collapse, and the entire economy starts to struggle. Forbes estimated James' net worth to be roughly $850 million. Additionally, he oversees a multi-state selection committee for the Rhodes Scholarships. Gerry Cardinale currently serves as a Trustee for the New York City Mount Sinai Health System. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. of 0 shares. James and his childhood friend, Maverick Carter, together built the SpringHill Co., the diversified media company behind the new Space Jam movie, the HBO documentary Whats My Name: Muhammad Ali and unscripted series including the NBC competition show The Wall. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Best ways to protect your skin from polluted air! FSG may be able to persuade RedBird Capital Partners to almost triple its investment in the transatlantic sports empire from 11 per cent to 30 per cent. INDUSTRY: Financial Services. WinnersList: Jessica Chastain, Will Smith, and others take home the Critics Choice Awards! When RedBirds investment in FSG was announced in March 2021 it placed the value of the company at $7.35bn. On the MLBPA's front, their collective bargaining agreement with team owners is set to expire on Dec. 1, and a lockout will hurt baseball. This investment adviser does not provide advice to individual investors. 10 percent owner Glazer Capital, Llc The deal reportedly values The SpringHill Company at $725 million and Maverick Carter (CEO) & LeBron James (Chairman) will still . Potential buyers may also need to brace for more tension inside the unions. Redbird Capital Partners Llc Mailing Address. The consent submitted will only be used for data processing originating from this website. Vince McMahon (listed at $2.5 Billion in 2019) committed to spending around $500 Million to get the XFL through its first few seasons. The cookie is used to store the user consent for the cookies in the category "Analytics". Gerry Cardinale of RedBird Capital Partners has previously refused to rule out a total takeover of Liverpool. SUB-INDUSTRY: Asset Management. RedBird Capital Partners are a Manhattan . ADDRESS: 667 Madison Avenue 16th Floor New York, NY 10065 United States. Sign up for free newsletters and get more CNBC delivered to your inbox. Robert Covington, a former partner at RedBird Capital Partners, announced the launch of Braemont Capital, a new relationship-based investment firm with offices in Dallas and New York City. XFL News Hub is not associated or affiliated with Alpha Opco, LLC ("XFL") in any way. Or by navigating to the user icon in the top right. October 14, 2021 5:49am. Affleck and Mr. Damon have also committed an unknown amount of capital, and Mr. Affleck, whose hits as a filmmaker include "Argo" and "The Town," has agreed to work exclusively for Artists . FSG bought Liverpool for 300m and earlier this year, a rival Premier League club sold to US-based investors for 2.5bn. Vegan milk has a high protein content, here you know about its health advantages? RedBird made their initial investment in FSG back in March 2021.