Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Labor and Agents

Leigh Steinberg Opens Up About Bankruptcy Filing, Claims Complete Responsibility

NFL agent Leigh Steinberg yesterday gave his first television interview since filing for Chapter 7 protection in U.S. Bankruptcy Court last week in what CNBC's Amanda Drury called a "very candid" discussion. Steinberg repped Pro Football HOFers Troy Aikman, Steve Young, Warren Moon and Bruce Smith, among others, and CNBC's Darren Rovell said to him, “Assuming you did more than $2 billion in deals, we're talking $60 million-plus in commissions over the course of your career. How could this possibly happen?” Steinberg: “I take responsibility for all of the debt and I take responsibility for my alcoholism, which exacerbated the situation. No one forced me to drink. No one forced me to make bad investments. I'm responsible." He said his company "lost money in the Internet crash of 2000," followed by his divorce, which he claims was the "beginning of a slippery slope for me which further diluted the assets." Steinberg said, “When I was no longer certified, which happened when I did not reapply in 2007, I lost my chief ability to make money, and I still had a large office, a large staff. ... I was not a good steward and then when I started to descend into alcoholism, what happened was that I checked out episodically for a day or two." He added, "The debts kept piling up and we didn't have revenue to deal with them. Finally in March of 2010 I crashed." Rovell noted Steinberg had said he “will continue to represent clients." Steinberg said, "I still believe I can make a difference in people's lives” (“Street Signs,” CNBC, 1/18).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2012/01/19/Labor-and-Agents/Steinberg.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2012/01/19/Labor-and-Agents/Steinberg.aspx

CLOSE