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AGENCY CONSOLIDATION: STEINBERG, HENDRICKS CLOSE TO DEALS?
Published May 10, 1999
Winnipeg-based investment advisory firm Assante Corp. "is close to a deal to buy" sports law firm Steinberg & Moorad, according to sources of the SPORTSBUSINESS JOURNAL's Josh Gotthelf. Partner Jeff Moorad "wouldn't confirm talks with any company," but said, "We're no closer to making a decision than we were when we began." In a separate piece, Gotthelf also reports that sources said SFX Entertainment "is negotiating to buy" Randy and Alan Hendricks' Hendricks Sports Management, a firm which represents more than 150 MLB clients (SPORTSBUSINESS JOURNAL, 5/10 issue). In Boston, Peter Gammons wrote that "the Brothers Hendricks are reportedly close to cashing out ... and selling their vast agency empire to SFX" (BOSTON GLOBE, 5/9).