Headline Sports Business

George Pyne Exits WME | IMG

The exodus from sports agency WME | IMG continues, as the President of IMG Sports and Entertainment, George Pyne, recently departed the company.  Pyne will remain a senior advisor to WME | IMG for an unknown number of future months.  However, in the mean time, Pyne is hoping to raise $500 million to acquire companies in the sports and entertainment industries.

“It has been an honor to work for IMG, the greatest sports marketing company in the world, and a privilege to collaborate with so many talented men and women, whom I would like to thank for the invaluable experiences we have shared.  I would like to also thank the amazing clients I have worked with over the years,” said Pyne.  “Ari Emanuel and Patrick Whitesell are entrepreneurs and dynamic leaders whom I greatly respect and admire, and I look forward to collaborating with them as I take this next step.  I will outline the goals and objectives of my new venture at the appropriate time.”

“George has been a true partner to us these past few months and we’re grateful for all he has contributed to the company and our industry as a whole,” said Ariel Emanuel and Patrick Whitesell, co-CEOs of WME | IMG.  “We look forward to working with him in this next chapter.”

After the $2.4 billion merger with WME last December, some of IMG’s top-level executives have left the agency — including Marketing Agent Alan Zucker and CFO Peter Klein — which has left many to wonder what the future looks like for WME | IMG.