Sal Galatioto: The sporting life

Dealmakers Impact Report 2010

Sal Galatioto
President, Galatioto Sports Partners
Galatioto’s boutique firm reps buyers and sellers of professional sports franchises and huddles on stadium deals. He put his game face on last year when helping the billionaire Ricketts family acquire the hapless Chicago Cubs, who haven’t won a World Series in over a century. He recently did the same for another long-suffering franchise, basketball’s Golden State Warriors.
KEY DEALS: Golden State’s $450 million sale to Mandalay Entertainment’s Peter Guber and venture capitalist Joe Lacob, a minority owner in the Boston Celtics, proved to be most coin ever paid for an NBA franchise. Despite the team’s lackluster record, Galatioto calls it “a fantastic asset” for being in the San Francisco Bay Area, which leads the nation in per-capita income and is near Silicon Valley. “It’s one of the two or three teams that more people have asked me about,” he says.
SPARE TIME: Teaches at Columbia U Graduate School of Business.
TOP CAUSE: Educational institutions.