{"id":4208,"date":"2026-07-24T10:07:48","date_gmt":"2026-07-24T10:07:48","guid":{"rendered":"https:\/\/uspropertymoves.com\/?p=4208"},"modified":"2026-07-24T10:07:48","modified_gmt":"2026-07-24T10:07:48","slug":"casey-wassermans-exit-plan-new-owner-of-the-team-may-be-same-as-the-last","status":"publish","type":"post","link":"https:\/\/uspropertymoves.com\/?p=4208","title":{"rendered":"Casey Wasserman\u2019s Exit Plan: New Owner of the Team May Be Same As the Last"},"content":{"rendered":"
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\nCasey Wasserman may soon be no longer on The Team. <\/p>\n

\n\tAfter being pressured to set up an auction for his Westwood-based firm that drew interest from United Talent Agency, Patrick Whitesell\u2019s upstart shingle WIN and other suitors, the sale of his company may not go to any outside party.<\/p>\n

Read more How \u2018The Chi\u2019 Spotlighted Love, Hope and Loss on the South Side of Chicago<\/a><\/p>\n

\n\tWasserman is in talks to sell his stake in the company to private equity firm Providence Equity Partners, Matthew Belloni reported at Puck on Thursday. Providence had already taken a major stake in Wasserman in November 2022 to fuel growth at the company \u2014 notably, a major acquisition of Brillstein Entertainment less than a year later \u2014 so a buyout of the company\u2019s founder would keep the firm in the same strategic hands it had been in for the past several years.<\/p>\n

\n\tThe news of a would-be deal breakthrough arrives three months after the first round of bids were submitted in April to investment bank Moelis & Co, which handled the auction process. (The bank\u2019s leader, Ken Moelis, sits on Wasserman\u2019s LA28 Olympics Committee board).<\/p>\n

\n\tProvidence, a source had previously told The Hollywood Reporter<\/em>, had put pressure on the mogul after a wave of headlines and an artist rebellion followed Wasserman being named in a tranche of Department of Justice documents related to convicted sex trafficker Jeffrey Epstein and accomplice Ghislane Maxwell in late January. <\/p>\n

\n\tMore than 20 artists said they were dropping Wasserman during the height of the February scandal \u2014 including Laufey, Chappell Roan, Best Coast and John Summit \u2014 and the firm\u2019s social pages were deluged with calls for talent to distance themselves from the mogul.\u00a0<\/p>\n

\n\tImmediately following Wasserman\u2019s surprise reveal at the time that he was selling his namesake firm Providence issued a statement on Feb. 14 backing company president Mike Watts and saying, \u201cWe remain fully committed to investing in its growth, expanding its capabilities across sports, music, and entertainment,\u00a0and supporting the extraordinary talent, brands, and properties the Company is proud to represent.\u201d<\/p>\n

Read more Indian Epic \u2018Ramayana\u2019 Lands at Sony<\/a><\/p>\n

\n\tThe DoJ documents\u00a0showed\u00a0that in 2003, Wasserman and Maxwell exchanged a series of flirtatious emails, though nothing criminal was mentioned in those emails. Wasserman had also, along with Bill Clinton, Chris Tucker and Kevin Spacey, flown on Epstein\u2019s private jet on what was said to be a 2002 AIDS research trip to Africa. The mogul apologized at the time, saying on Jan. 31, \u201cI deeply regret my correspondence with Ghislaine Maxwell which took place over two decades ago, long before her horrific crimes came to light. I never had a personal or business relationship with Jeffrey Epstein.\u201d<\/p>\n

\n\tWasserman, which rebranded as The Team in March in order to distance itself from its namesake founder (it used to market itself as \u201cTeam Wass\u201d), is one of the biggest players in the sports space. As sports has taken a greater share of the entertainment economy, its now one of the most sought after areas in the representation landscape. Wasserman\u2019s sports division generated $266 million in revenue in 2024, 29 percent of the company\u2019s total revenue, an S&P Global report from June of last year detailed. That\u2019s second to CAA\u2019s sports division, which generated $578 million that year.<\/p>\n

\n\tIn addition to sports, The Team is also home to a notable music agency group built from its 2021 acquisition of Paradigm\u2019s music division, as well as production-management firm Brillstein, a marketing services unit and more properties.<\/p>\n

\n\tAs he navigates his exit from management, Wasserman also serves as the chair for LA28, which is organizing Los Angeles\u2019 2028 Olympics game plan. While city officials, including Mayor Karen Bass, have called upon Wasserman to step down from his high-profile role managing the games, they have deferred to the LA28 board, which has backed Wasserman. In February, LA28 said it hired an outside law firm to investigate Wasserman\u2019s correspondence with Maxwell and it found his \u201crelationship with Epstein and Maxwell did not go beyond what has already been publicly documented.\u201d<\/p>\n

Read more Johnny Depp Surprises Comic-Con as Ebenezer Scrooge on Streets of San Diego: \u201cIt\u2019s Good to Be Back\u201d<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Casey Wasserman is in talks to sell his share in the company to P.E. firm Providence Equity Partners, Matthew Belloni at Puck reported.<\/p>\n","protected":false},"author":1,"featured_media":4207,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2874],"class_list":["post-4208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting","tag-casey-wasserman"],"yoast_head":"\nCasey Wasserman\u2019s Exit Plan: New Owner of the Team May Be Same As the Last - US Property Moves<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uspropertymoves.com\/?p=4208\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Casey Wasserman\u2019s Exit Plan: New Owner of the Team May Be Same As the Last - 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