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WOOLF'S REPUTATION TAINTED BY CHARGES OF IMPROPRIETY
Published February 6, 1996
A front-page story in Monday's BOSTON GLOBE examined the legacy of pioneer sports agent Bob Woolf and how the company bearing his names struggles to remain competitive. Since his death in November '93, Woolf Assoc. has dealt with "a spate of lost clients and lawsuits from his era that together have laid bare a Boston sports icon's questionable financial practices." Uncovered documents and testimony from clients and employees implicate Woolf and the firm with "regularly overcharging players, engaging in an apparent conflicts of interest by taking both fees and investment commissions," and pursuing a series of bad ventures for clients. Woolf's widow, Anne: "This criticism would have made him really sad. He was trying to do his very best for his clients, give them a good future and protect them after their playing days were over." Currently, Woolf Assoc. is trying to shape "a new identity" with "a young team of agents and only three employees left over from the Woolf regime." The firm, which has lost 2/3 of its NBA clientele, has increased baseball clients and expanded into auto racing and golf (Daniel Golden, BOSTON GLOBE, 2/5).