Yesterday it was reported that IMG Worldwide (IMG) Chairman and CEO Theodore J. (Ted) Forstmann passed away at 71-years-old. The cause of death was brain cancer. Forstmann will be remembered for his unique ability to invest in companies (including Dr Pepper and Topps), fix them up, make them immensely valuable, and then sell them to make […]
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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, […]
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Doing It The Forstmann Way
In all walks of business, one creed remains constant. If you want to know where a company may be headed, if you want to know the underlying philosophy behind its otherwise sleekly polished mission statement, and most importantly, if you want to know where a company may or may not be vulnerable, look upwards. Way […]
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WME And CAA Rivalry Heats Up
When one in the sports and entertainment industry hears of a “mega-agency,” a couple of names come to mind: Creative Artists Agency (CAA) and William Morris Endeaver (WME). These agencies began as rivals in the entertainment industry representing talent (actors, screenwriters, directors, musicians, etc.) and have become power-players in the sports industry as well. According […]
I am heading up to New York City later today and will be up north for the entire weekend. It’s the most beautiful time to be in the City, so why not? It is with great joy that I announce Mark Burns will be contributing much more frequently on this site. Give him a follow; […]
Ever hear of that little company named IMG Worldwide? You know, the one that Teddy Forstmann purchased for $750 million in 2004? Well that company is expected to receive buyout bids at around $2 billion. And the bids are predicted to start rolling in over the course of the next couple of weeks. It has been […]
The NFL season awaits, which means fantasy football is revving up. I have my fantasy league draft this Sunday. With the last pick in the first round, it is tough to plan out how it will all go down. Anyway, this week on FORBES: (1) Albert Pujols Defends Clean Reputation By Threatening Legal Action Against Radio […]
Happy Mother’s Day this Sunday to all the moms who read and enjoy Sports Agent Blog. After a very tough Game 1, my Miami Heat came back to destroy the Chicago Bulls in Game 2 of the East Semis. I absolutely love this time of year when NBA Playoffs basketball really heats up. On Forbes […]
The sports business world may soon be heavily shaken. Last week, I reported that Creative Artists Agency (CAA) created a new venture capital fund and is seeking $20 million in funding. Meanwhile, another behemoth in the world of sports could possibly be changing hands. Forstmann Little & Company, a private equity firm that specializes in leveraged buyouts, […]
Seven years ago I had just wrapped up the Fall semester of my Sophomore year at the University of Florida. I was well on my way to earning my Bachelors of Arts in Political Science with Minors in Mass Communications and, of all things, Geography. That past summer, I interned at Career Sports & Entertainment […]