Penguins co-Owner Ron Burkle has been named Relativity Sports Chair and will invest $30M in growth capital to expand the sports agency, the company announced today. Relativity Sports also announced that CEO Happy Walters has left the company will begin a search for his replacement. Additionally, the agency announced that all of its senior baseball agents have renewed employment agreements. Two junior agents resigned – Tom Little and James Reid. Little is listed as the agent for MLB Giants P Madison Bumgarner. Relativity Baseball is one of the largest MLB player practices in sports, representing more than 75 MLBers.
Walters, who is both an NFLPA- and NBPA-certified agent, joined Relativity Media in '09 and was instrumental in launching Relativity Sports and growing it into one of the largest sports agencies in the U.S., representing 400 athletes, including high profile players in the NFL, NBA and MLB. Walters in a statement said he was leaving to start a new sports and media company. He said, "I leave confident that the company is in good hands. … With Ron Burkle taking over the chairmanship of Sports, there is a solid foundation for continued growth, and I wish the company much success."
