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TELLEM ABOUT IT: WILL ARN AND FLEISHER FOLLOW FALK'S LEAD?
Published June 2, 1998
Agents Arn Tellem and Eric Fleisher "are negotiating the sale of their businesses" to Magicworks Entertainment Inc., a Miami-based concert and event promoter, according to sources of Josh Gotthelf of SPORTSBUSINESS JOURNAL. It has been reported that Fleisher would receive $25M for his business alone, but a source "close to the negotiations" said that price "would be for both agencies." Tellem, Fleisher and Magicworks spokesperson Frank Hawkins all declined to comment. One source familiar with the talks said that while there are still "significant issues" to be resolved, if a deal is reached, both Tellem and Fleisher "would stay on to run Magicworks' new sports division" (SPORTSBUSINESS JOURNAL, 6/1 issue).