SBD/10/Finance

AGENCY CONSOLIDATION: STEINBERG, HENDRICKS CLOSE TO DEALS?

          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).

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