SBJ/September 7 - 13, 1998/No Topic Name

J.P. Morgan loses sports banker

One of J.P. Morgan & Co.'s top sports bankers, Brian McGough, resigned last week to join the investment banking unit of Banc One Corp. He will start work there this week.

While at J.P. Morgan, he helped build the bank's sports practice. J.P. Morgan was a key adviser on several high-profile sports financings, including the funding for new ballparks for the Seattle Mariners and the San Francisco Giants. McGough is also advising Ed Roski's group in Los Angeles on its effort to secure a National Football League franchise.

At Banc One, he will be reunited with George Pitt, head of investment banking. Pitt and McGough worked together at Katten Muchen & Zavis. Last year, Pitt joined First Chicago NBD Corp., which is merging with Banc One.

J.P. Morgan said no replacement had been named for McGough. The firm was quick to emphasize that McGough was in charge of municipal financing, not the firm's investment-banking relationships with sports teams and leagues.

William de Souza manages J.P. Morgan's sports relationships, such as the firm's current auction of the Kansas City Royals.

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