Jump to content

Draft:Gerry Cardinale

From Wikipedia, the free encyclopedia
Gerry Cardinale
Born (1967-05-08) May 8, 1967 (age 57)
Villanova, Pennsylvania
Education
Occupations
Websitehttps://redbirdcap.com/

Gerald ("Gerry") J. Cardinale (born May 8th, 1967) is an American businessman, private equity investor and philanthropist. Cardinale is the Founder, Managing Partner and Chief Investment Officer of Redbird Capital Partners LLC.

Early Life and Education

[edit]

Cardinale was born in Villanova, Pennsylvania and studied at Harvard University and at Oxford University as a Rhodes Scholar.[1] He was a rower at Harvard and on Oxford men's reserve crew, Isis, in the 1990 Oxford-Cambridge Boat Race.[2]

After graduating from Oxford, he received a fellowship to work in Tokyo for the Japan Institute of International Affairs, an affiliate of the Japanese Foreign Ministry.[3]

Career

[edit]

Cardinale began his professional career at Goldman Sachs in 1992[4] and transferred to the firm's Merchant Banking Division in 1994, where he helped build the investment business in Hong Kong, China and Singapore. He returned to New York in 1997 and was elected Partner in 2004. He was responsible for investments across a range of industries and investment types. He worked with entrepreneurs and family business owners to build several multi-billion-dollar companies.[5]

Yes Network

[edit]

Cardinale worked with New York Yankees Owner George Steinbrenner to create the Yankees Entertainment & Sports ("YES") Network in 2001. Cardinale led the deal process between the Yankees, Goldman Sachs and other investors, culminating in the sale of a 49% stake in the network to News Corporation in 2012, valued at $3 billion.[4]

Gerry had also aligned the New York Yankees and Dallas Cowboys Owner Jerry Jones to create Legends Hospitality in 2008.[6][4][7]

RedBird Capital Partners

[edit]

Following Cardinale's retirement from Goldman Sachs in 2012, he launched RedBird Capital Partners, a private investment firm that focuses on dealmaking and business growth in sports, media and entertainment.[4]

Notable investments include the Italian professional football club AC Milan that competes in Serie A, where Cardinale is the owner and on the Board of Directors.[4] The company is an investor in Skydance Entertainment, which has a pending investment in the Hollywood studio Paramount Global.[8][9] The company also has stakes in Fenway Sports Group and the United Football League.[10]

Cardinale is also active in film financing, and is a cofounder of Artists Equity, a production company run by Matt Damon and Ben Affleck which most recently released 2023's Air.[11]

Personal Life and Philanthropy

[edit]

Cardinale and his family live in Palm Beach, Florida.[12]

He has served on the boards of the Mount Sinai Health System and the American Association of Rhodes Scholars.[5][13] He also has had roles supporting Harvard University, the New York Film Society at Lincoln Center, and Yo-Yo Ma's Silkroad Project.[5]

References

[edit]
  1. ^ "Rhodes Scholars in Athletics". Harvard University. Retrieved 2024-11-07.
  2. ^ "USRowing Foundation Adds Gerry Cardinale as Trustee". USRowing. Retrieved 2024-11-07.
  3. ^ Cardinale, Gerald J. (1992). "Through the Japanese Looking Glass". Asian Survey. 32 (7): 635–648. doi:10.2307/2644946. ISSN 0004-4687.
  4. ^ a b c d e Cuccinello, Dakin Campbell, Hayley. "How Gerry Cardinale became the go-to dealmaker for the Yankees, AC Milan, and Ben Affleck". Business Insider. Retrieved 2024-11-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  5. ^ a b c Craig, Susanne (2012-06-15). "More Goldman Partners Head for the Exit". DealBook. Retrieved 2024-11-07.
  6. ^ "The Deal Episode 6: Gerry Cardinale - Bloomberg". www.bloomberg.com. Retrieved 2024-11-07.
  7. ^ Lariviere, David. "NFL Tabs George Pyne, Gerry Cardinale To Grow Premium Events, Hospitality Business". Forbes. Retrieved 2024-11-07.
  8. ^ Zillman, Paolo Confino,Claire. "Meet Gerry Cardinale, the investor behind Skydance Media's bid for Paramount". Fortune. Retrieved 2024-11-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  9. ^ Rizzo, Lillian (2024-07-08). "Paramount agrees to merge with Skydance, ending monthslong negotiations and Redstone era". CNBC. Retrieved 2024-11-07.
  10. ^ Weprin, Alex (2023-12-31). "Combined XFL and USFL to be Called UFL, Will Air Games on Fox and ESPN Platforms Starting in 2024". The Hollywood Reporter. Retrieved 2024-11-07.
  11. ^ Crupi, Anthony (2023-03-24). "With 'Air,' Gerry Cardinale Is Ready for His Close-Up". Sportico.com. Retrieved 2024-11-07.
  12. ^ Fontanella-Khan, James (2024-02-19). "'The one thing I've always had is deal flow': RedBird's Gerry Cardinale". Financial Times. Retrieved 2024-11-07.
  13. ^ "RedBird Capital Partners Founder Gerry Cardinale to Receive Prestigious Award". We the Italians. Retrieved 2024-11-07.