Earlier this week, it was reported that Wasserman Media Group received a $100 million investment from a Silicon Valley investment group.
The investment from Madrone Capital Partners is the second investment Wasserman has taken since the sports agency’s creation over a decade ago. According to SportsBusiness Journal, two years ago, Wasserman received $25 million from Highbridge Capital Partners.
With the new investment by Madrone Capital Partners, Wasserman will continue its role as the majority shareholder. This summer, Forbes.com recently listed Wasserman Media Group as the world’s fifth most valuable sports agency, with $1.52 billion worth of contracts under management.