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).