James Pallotta

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James Pallotta
Born
James Joseph Pallotta[1]

(1958-03-13) March 13, 1958 (age 63)
Stoneham, Massachusetts, U.S.
Alma materUniversity Of Massachusetts (BBA)
Northeastern University (MBA)
OccupationBusinessman
Known forChairman and MD, Raptor Group[citation needed]
Partner, Tudor Investment Corporation[2]
Chairman & major shareholder, A.S. Roma
Shareholder, Boston Basketball Partners[3]

James Joseph Pallotta (born March 13, 1958) is an American billionaire businessman.[5] In 2009, he founded Raptor Group, a private investment company.[citation needed] Prior to forming Raptor, Pallotta was vice chairman at Tudor Investment Corporation. He was co-owner and chairman of the Italian football club A.S. Roma from 2012 to 2020; co-owner and executive board member of the National Basketball Association's Boston Celtics,[6] and co-owner of esports franchise Fnatic.[7]

Early life[]

Pallotta was born in 1958 in Boston to a mother from Canosa di Puglia, Apulia and a father from Calabria, Italy. Along with sisters Carla and Christine Pallotta, he was raised in Boston's Italian north end neighborhood. His sisters own and operate NEBO Cucina & Enoteca in Boston's financial district.[8] Pallotta earned a BBA at University of Massachusetts Amherst and an MBA at Northeastern University.[citation needed]

Professional background[]

Raptor Group[]

Pallotta founded Raptor Group, a private investment company with offices in Boston, New York City, Miami, London, and Abu Dhabi. Raptor focuses on various industries including sports, consumer, technology, media, entertainment, and financial services.[citation needed]

A.S. Roma[]

Pallotta, along with three other American investors (Thomas R. DiBenedetto, Michael Ruane and Richard D'Amore) acquired Serie A football club A.S. Roma in 2011.[9]

In August 2012, Pallotta became the chairman of club, succeeding Thomas R. DiBenedetto, and becoming the 23rd in the club's history.[10]

In December 2019, Pallotta was in final negotiations to sell the team for $872 million, to American businessman Dan Friedkin. [11] In August 2020, Friedkin signed the preliminary contract to agree to pay $591 million to Pallotta, the main shareholder of Roma.[12]

Tudor Investment Corporation[]

Prior to Raptor Group, Pallotta was a vice chairman and partner at Tudor Investment Corporation.

Initiatives[]

Pallotta is a member of the board of trustees for the Santa Fe Institute[13] and the Board of Trustees for Northeastern University.[14] Pallotta serves on the Board of Directors for New Profit Inc.[15] as well as the Board of Advisors for Tulco, LLC.[16] He is also a member of the Advisory Council for the MIT Media Lab[17] and the External Advisory Committee for the Center for Brains, Minds and Machines (CBMM) at MIT.[18]

References[]

  1. ^ "ASSEMBLEA STRAORDINARIA DEGLI AZIONISTI" (PDF) (Press release). A.S. Roma. March 1, 2014. Archived from the original (PDF) on August 20, 2014. Retrieved September 20, 2014.
  2. ^ www.bloomberg.com https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=92002. Retrieved June 19, 2019. Missing or empty |title= (help)
  3. ^ http://publogix.com/e/1617-bcyb/#/ Archived May 25, 2017, at the Wayback Machine Boston Celtics 2016–17 Year Book
  4. ^ "AffluenceIQ 50 Richest in Massachusetts". www.affluenceiq.com. Archived from the original on September 23, 2018. Retrieved June 19, 2019.
  5. ^ "The 50 Wealthiest Bostonians". Boston Magazine. May 15, 2006. Archived from the original on November 28, 2016. Retrieved November 11, 2016.
  6. ^ Straus, Brian. "Brian Straus: American Pallotta out to turn AS Roma into a 21st-century empire". SI.com. Archived from the original on November 12, 2016. Retrieved November 11, 2016.
  7. ^ Heitner, Darren (April 10, 2017). "Fnatic Esports Brand Receives Over $7 Million In Financing". Forbes. Archived from the original on December 9, 2017. Retrieved December 8, 2017.
  8. ^ Blumenthal, Rachel Leah (January 18, 2013). "Nebo Owners Carla and Christine Pallotta". Eater Boston. Archived from the original on November 4, 2016. Retrieved November 3, 2016.
  9. ^ "Roma's new owner reveals broad plans". Archived from the original on January 18, 2017. Retrieved January 13, 2017.
  10. ^ - (August 28, 2012). "GAZZETTA DELLO SPORT Pallotta, è tua! Tra basket e soccer. La scalata di mister James per fare grande la Roma". gazzettagiallorossa.it. Archived from the original on April 1, 2019. Retrieved June 19, 2019.CS1 maint: numeric names: authors list (link)
  11. ^ "U.S. Billionaire Nears Purchase of AS Roma Soccer Club". Bloomberg L.P. December 29, 2019. Retrieved December 31, 2019.
  12. ^ "Official statement regarding the ownership of AS Roma". A.S. Roma. August 6, 2020. Retrieved August 6, 2020.
  13. ^ Marshall, Jenna. "Manager of Communications". Santa Fe Institute.
  14. ^ "Members of the Board of Trustees". Northeastern University. Archived from the original on January 23, 2018. Retrieved January 22, 2018.
  15. ^ "New Profit Leadership Team". New Profit. Archived from the original on December 28, 2017. Retrieved January 22, 2018.
  16. ^ "Team". Tulco. Archived from the original on January 23, 2018. Retrieved January 22, 2018.
  17. ^ "Advisory Council". MIT Media Lab.
  18. ^ "External Advisory Committee". CBMM External Advisory Committee. Archived from the original on November 24, 2017. Retrieved December 8, 2017.
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