Joel Segal’s Worldwide Football Inc. has been acquired by Blue Equity LLC.
If you have ever heard of Joel Segal, it is probably because he is Reggie Bush’s agent for contractual negotiations with NFL teams. In the past, I may have even put some of the blame on Segal for not negotiating Bush in the right manner to Houston Texans owner, Bob McNair, which could have resulted in their selection of Mario Williams [What Went Wrong in the Reggie Bush Sweepstakes?]. Nevertheless, his company Worldwide Football Inc. also represents Mushin Muhammad, Michael Vick, Michael Jenkins, Alex Brown, etc. I meant to say his former company.
Joel Segal has just sold Worldwide Football Inc. to private equity firm Blue Equity LLC [Joel Segal Sells Worldwide Football Agency to Blue Equity]. Watch out IMG, CAA, and WMG, Blue Equity is making a charge. In addition to acquiring Segal’s agency, Blue Equity already owns SFX Sports Group and Blackwave Media Group (they favor companies that use the word “Group”). Segal will be placed in charge of Blue Equity’s newly formed football division.
Now Blue Equity dominates tennis, basketball, and football. And it looks like Blue Equity is not done buying out the competition. Discussions are currently being held for additional acquisitions that could be announced later this week [Blue Equity buys leading NFL agency]. Baseball, hockey, and golf may be added to the list of sports that Blue Equity is involved in (just one more reason to be a soccer/UFC agent..). Should smaller boutique agencies be scared? I still say no. There are advantages of being a smaller entity as a select few firms become behemoths in the industry.