360° Coverage : Sports Business Power Player Alan Zucker Moves From IMG...

2 Updates
Sports Business Power Player Alan Zucker Moves From IMG Worldwide To Excel Sports
Photo Credit: Forbes Business

Sports Business Power Player Alan Zucker Moves From IMG Worldwide To Excel Sports

Apr 12 2014, 9:45am CDT | by

On January 31, 2011, IMG Worldwide announced that one of its most loyal and dedicated employees was being promoted to Senior Vice President of Clients.  Roughly 3 years and 3 months later, Alan...

Filed under: news

 
 
 

28 weeks ago

Sports Business Power Player Alan Zucker Moves From IMG Worldwide To Excel Sports

Apr 12 2014, 9:45am CDT | by

On January 31, 2011, IMG Worldwide announced that one of its most loyal and dedicated employees was being promoted to Senior Vice President of Clients.  Roughly 3 years and 3 months later, Alan Zucker, also referred to in 2011 as one of IMG’s top sales people, has left the company to begin work for competitor Excel Sports Management.  Movement of key individuals within the sports and talent representation industries is par for the course; however, the departure of Zucker from IMG to Excel is notable because of the sheer power that will shift based on Zucker’s departure along with the proximity to a major event in IMG’s life as a corporate entity.

At the end of 2013 it was declared that talent agency William Morris Endeavor (WME) and private equity firm Silver Lake would purchase IMG’s assets for approximately $2.3 billion.  While it was understood that today’s IMG is very different from the IMG of the past (with less of a focus on athlete representation), agent Alan Zucker’s relationships with Peyton Manning, Eli ManningJoe Mauer, Matthew Stafford, Maria Sharapova, etc. were notable and worthwhile, since the aforesaid athletes are widely marketable and they often open doors to other revenue generating opportunities.  Insiders speculate that the Manning brothers will follow Zucker to Excel, but that Mauer, Stafford and Sharapova will remain IMG clients for the time being.

The news of Zucker’s departure is particularly noteworthy, because it comes in close proximity to what is suggested to be the date that WME and Silver Lake receive final approval to purchase IMG.  It has led some insiders to wonder whether Zucker leaving IMG is the beginning of an expected exodus or simply a predicted bump in the road that is bound to occur whenever one behemoth acquires another gigantic corporation.  What is certain is that the IMG that WME eventually incorporates into its framework will look very different from the IMG of recent past.

Zucker, a graduate of Florida State University, now heads to Excel Sports Management and joins many former colleagues who worked with him at IMG.  Those former IMG employees include Mark Steinberg, Casey Close and Jeff Schwartz.

Steinberg joined Excel in 2011 after meeting with a number of agencies and businesses.  He immediately became partners in the venture with Close and Schwartz.  Steinberg is widely known for his robust golf representation practice, which includes Tiger Woods as a marquee client.

Close joined Excel only months prior to Steinberg and has been a major catalyst for the rapid growth of Excel’s baseball division.  Close represents Derek Jeter and recently experienced an off-season to remember after negotiating multiple extremely lucrative deals for his clients.  Those negotiated contracts for players including Clayton Kershaw, Masahiro Tanaka and Freddie Freeman resulted in an estimated total of $700 million over the terms of the respective deals.

Finally, Schwartz is the President of Excel and has overseen his company’s growth from primarily representing some of the top basketball players in the world to now working on behalf of the best athletes in a variety of sports such as baseball and golf.  Importantly, Schwartz has built his company by surrounding himself with not only successful people, but individuals he could trust and had grown to enjoy being around after spending much time with them as colleagues at IMG.

Immediately after Mark Steinberg joined Excel Sports Management, Casey Close commented on Steinberg, Schwartz and him coming together and said, “[t]he three of us have worked in parallel paths in our respective sports and I am excited for us to come together to build something very special.”  null  Alan Zucker will join the crew and certainly add value to Excel’s operation.  Meanwhile, WME and Silver Lake have to wonder if Zucker’s departure is the end or merely just the beginning of a diaspora of talent from IMG to other entities.

Want to learn more about the business of sports? Order my book How to Play the Game and follow me on Twitter.

Follow @DarrenHeitner

 
Update
2

8 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workfo ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

8 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double t ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

'Newly' donated blood better for heart surgery
Toronto, Oct 27 (IANS) Heart surgery patients receiving newly donated blood have significantly fewer post-operative complications than those who received blood donated more than two weeks before their surgery, found a research.
 
 
Israel to build more housing units in Jerusalem
Jerusalem, Oct 27 (IANS) Israel Prime Minister Benjamin Netanyahu has decided to plan for 1,060 housing units in Jerusalem, an official said Monday.
 
 
Lab cells reveal how brain responds to memory and reward
New York, Oct 27 (IANS) Scientists have created cells that can detect changes in the brain associated with learning, memory and reward.
 
 
A tool to monitor the adverse effects of cancer drug
Toronto, Oct 27 (IANS) A new portable device can correctly measure a patient's blood for the effects of methotrexate, a commonly used but potentially toxic cancer drug, in less than a minute.
 
 
 

Latest from the Network

Reinartz out for three months with eye injury
Berlin, Oct 27 (IANS) Bundesliga side Bayer Leverkusen will be without their defensive mid-fielder Stefan Reinartz for three months as he fractured his eye socket. The 25-year-old German, who has earned three...
Read more on Sport Balla
 
Pakistan PM urged to probe London rally incident
Islamabad, Oct 27 (IANS) Pakistan Peoples Party (PPP) leader Rehman Malik urged Prime Minister Nawaz Sharif to probe a Kashmir rally incident in London, where Bilawal Bhutto was forced off the stage, media reported...
Read more on Politics Balla
 
Google employee held for 'cyberstalking'
New York, Oct 27 (IANS) A 23-year-old Google employee has been arrested for allegedly cyberstalking a former classmate, a medai report said. According to a San Francisco Chronicle report, Nicholas Rotundo, an internal...
Read more on Politics Balla
 
Indians in Washington celebrate Diwali
Washington, Oct 27 (IANS) The Indian community in Washington celebrated Diwali with the Indian ambassador S. Jaishankar noting how the festival has become part of Indian American community's presence and profile in the...
Read more on Celebrity Balla
 
Astronomers produce first images of exploding stellar fireball
Washington, Oct 27 (IANS) The expansion of thermonuclear fireball from a nova that erupted last year in the constellation Delphinus was more complicated than the simple models used previously would have predicted,...
Read more on Business Balla
 
Paul Allen Donates At Least $100M to Fight Ebola Virus
Paul Allen has just made himself a certified crusader against the deadly Ebola virus.Allen, the Portland Trail Blazers and Seattle Seahawks owner, pledged to donate "at least $100 million" to Tackle Ebola. He wrote a...
Read more on Sport Balla
 
Spanish La Liga standings
Madrid, Oct 27 (IANS) Following are the Spanish La Liga standings after Sunday's matches (tabulated under matches played, won, drawn, lost, goals for, goals against, points), according to Xinhua. Barcelona 9...
Read more on Sport Balla
 
China stocks open lower
Beijing, Oct 27 (IANS) Chinese stocks opened lower Monday with the benchmark Shanghai Composite Index opening at 2,293.57 points, down 8.71 points or 0.38 percent. The Shenzhen Component Index opened at 7,881.01, down...
Read more on Business Balla
 
Italian Serie A results
Rome, Oct 27 (IANS) Following are the collated results of Italy's Serie A matches Sunday, according to Xinhua. Chievo lost to Genoa 1-2 Juventus bt Palermo 2-0 Udinese bt Atalanta 2-0 Cesena lost to Inter Milan 0-1...
Read more on Sport Balla
 
China mulls scrapping death penalty for 9 crimes
Beijing, Oct 27 (IANS) Chinese lawmakers are considering to remove the death penalty for nine crimes, including smuggling weapons and nuclear materials. The draft amendment to the Criminal Law was submitted Monday to...
Read more on Politics Balla