KKR Withdraws IMG Bid Bornstein, Shapiro Advising Competing Bids For IMG CAA Out Of Hunt For IMG Second Round Of Bids For IMG Were Due Thursday IMG Media Details N.Y. Marathon Plans IMG Academy Profiled By NBC WPP Will Not Bid On IMG IMG Bidders Down To 10 First Round Of IMG Bids Due Next Week CVC Capital Plans Joint IMG Bid
SBD/30/Sponsorships Advertising Marketing
IMG MAKES AN OFFER THE WTA MAY BE HARD-PRESSED TO REFUSE
Published January 30, 1995
IMG has offered the WTA Tour a guaranteed four-year deal, estimated at $16M for exclusive marketing and TV negotiation rights. Bob Kain, head of IMG's tennis division: "We are in serious negotiations, that's for sure." WTA Tour CEO Anne Worcester confirmed IMG's offer but would not provide any details. The WTA Tour has operated without a tour sponsor since Kraft, owned by Philip Morris, left two years ago (USA TODAY, 1/27).