Headline Sports Law Tennis

Ted Forstmann Of IMG Accused Of Making Wagers On Tennis Matches

Would there be any problem if I placed a bet on the outcome of tonight’s Phillies vs. Giants game?  What if I had placed a bet on one of Clint Robinson’s (a client of mine) games this past regular season?  Is there a difference between the two?

Yesterday, I read a report that Ted Forstmann, Chairman and CEO of IMG Worldwide, has been been betting on tennis matches.  IMG represents some of the best tennis players in the world, is a part-owner of The Tennis Channel, and also is responsible for the organization and execution of many tennis events.

The information that Forstmann has placed bets on tennis matches involving his own clients, was made available based on a lawsuit filed by James Agate.  Agate alleged that Forstmann once bet against IMG client, Roger Federer.  The response by an IMG Vice President denied the accusation, but instead admitted that Forstmann bet on Federer.  The media has taken an interest in this response, asking if Forstmann should be betting on his clients at all, whether it be for them to win or lose a match.  There are claims that there is a clear conflict of interest for Forstmann to be betting on a sport where he has a vested interest in its overall success.  Additionally, many people note that tennis already has a gambling problem that does not need to get worse.

By Darren Heitner

Darren Heitner created Sports Agent Blog as a New Year's Resolution on December 31, 2005. Originally titled, "I Want To Be A Sports Agent," the website was founded with the intention of causing Heitner to learn more about the profession that he wanted to join, meet reputable individuals in the space and force himself to stay on top of the latest news and trends.

Heitner now runs Heitner Legal, P.L.L.C., which is a law firm with many practice areas, including sports law and contract law. Heitner has represented numerous athletes and sports agents as legal counsel. He has also served as an Adjunct Professor at Indiana University Bloomington from 2011-2014, where he created and taught a course titled, Sport Agency Management, which included subjects ranging from NCAA regulations to athlete agent certification and the rules governing the profession. Heitner serves as an Adjunct Professor at the University of Florida Levin College of Law, where he teaches a Sports Law class that includes case law surrounding athlete agents and the NCAA rules.

One reply on “Ted Forstmann Of IMG Accused Of Making Wagers On Tennis Matches”

Comments are closed.