Steve Pagliuca
The Strategist
The long view, patient, analytical, playing several moves ahead.
Pagliuca reads as The Strategist through his systematic dissection of soccer's structural barriers in the US, player pay economics, relegation risk, salary cap architecture, framing each as a lever to be engineered rather than a cultural problem to be felt.
“That was a labor of love. There was a community asset, the Celtics, and they weren't doing that well. And Wick Grossbeck, who was a good friend, called me and said, you had a line into buying the Celtics would I like to be his partner. And I've been a lifelong basketball fan and sports fan and all of sports.”
“Of the success of some of the unicorns, Amazon, and there was an investment mentality that said we can lose lots of money forever and there'll be a pot of gold in the other rainbow. Unfortunately, that is for a very few specific circumstances. There are not that many unicorns that will be created.”
“Not clear that I'm a success yet, so I think that's only measured when you're gone, and it's probably measured by the people who you impacted. But I would say that my mother was very fundamental influence on me, and she believed I could do anything. And that's a great lesson learned. She gave me a lot of confidence.”
“I'm an optimist, so I think we're going to be better. I could be wrong, but I think we're going to be better. We'll get through. We've had the tech bubble set in and people are going back to basics. Employment in the US is at a good pace right now. Inflation is down. The big wild card is going to be the Russia-Ukraine situation.”
Bloomberg Talks: “PagsGroup CEO Steve Pagliuca Talks AI, Sports”
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