IMG SHRINKING!
DAMON HACK
May 28, 2012
In 1959 Mark McCormack made a handshake deal with Arnold Palmer to represent the golf star. Soon after, McCormack founded International Management Group (IMG) and became a force in the game. A year after McCormack died in 2003, Ted Forstmann, a Wall Street titan, bought IMG. Forstmann died last November, and since then mighty IMG has been in transition. Four high-profile agents—Mark Steinberg, Kevin Lynch, Jeff Stacy and Jon Wagner—have left the company in the last six months. And tour pros are leaving too. Here is the number of IMG players since McCormack's death.
In 1959 Mark McCormack made a handshake deal with Arnold Palmer to represent the golf star. Soon after, McCormack founded International Management Group (IMG) and became a force in the game. A year after McCormack died in 2003, Ted Forstmann, a Wall Street titan, bought IMG. Forstmann died last November, and since then mighty IMG has been in transition. Four high-profile agents—Mark Steinberg, Kevin Lynch, Jeff Stacy and Jon Wagner—have left the company in the last six months. And tour pros are leaving too. Here is the number of IMG players since McCormack's death.
[The following text appears within a chart. Please see hardcopy or PDF for actual chart.]
80 70 60 50 40 30 20 10
2003 79
2004 74
2005 75
2006 65
2007 69
2008 64
2009 60