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The big news in the agent world this week is that the State of North Carolina is backing up its word that it is serious about enforcing its athlete agent law. The revelation is unsettling for those indicted and others who may have ignored the state’s law in recent years. However, for those agents conducting […]
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 […]
Over the weekend, Brooks Barnes wrote a wonderful article on the chief executive officer of Wasserman Media Group, Casey Wasserman. Nestled within that brief biography is a little known fact – Wasserman is contemplating a bid for IMG Worldwide, which has been well documented as a company that is up for sale and probably going […]
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, […]
It’s easy to mistake North America with North Korea. Earlier this week, I contributed my thoughts to Scott Soshnick of Bloomberg on a squatter’s attempt to register the trademark “Fierce Five.” This week at Forbes.com, I wrote, Sports Betting Suggestion Site Supplants Traditional Point Spread With Wisdom Of The Crowd. I have my fantasy football […]
2012 Division I PING First-Team All-American and First Team All-SEC golfer Blayne Barber has decided to give up playing for the Auburn Tigers in favor of playing professional golf. He has signed with IMG Worldwide for worldwide management and marketing representation. “I’ve been weighing this decision for a few months and had the belief and confidence in my […]
Tony Godsick, a tennis agent at IMG Worldwide for roughly 19 years, is no longer with the company. IMG Worldwide also lost Roger Federer (who has won a whopping won 16 Grand Slam titles in his career) as a client along with Godsick’s departure. However, IMG Worldwide still has hope that Federer will return as a client at some […]
On Saturday, I was told that Lagardère Unlimited was looking at the possibility of purchasing IMG Worldwide. I received the unsolicited tip from a credible source and quickly found another person who backed up the claim. While I went ahead and tweeted what I had heard, I was still questioning just how much, if at all, Lagardère […]