Economics
How Goldman Banker Became NFL’s Go-To Stadium-Finance Guy
A St Louis fan.
Photographer: Doug Pensinger/Getty ImagesThis article is for subscribers only.
The Missouri officials trying to keep the National Football League’s St. Louis Rams from leaving town would seem to have the deck stacked against them. The team plays in a relatively small media market. Attendance is below league average. The team’s owner says he’s determined to leave.
But the group has a potent player in Greg Carey, a 54-year-old Goldman Sachs Group Inc. banker who is known in professional sports circles as the guru of stadium financing. Under Carey, Goldman Sachs has worked on more than two dozen stadium deals, the company says, amounting to more than $11 billion in financing.