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OCT 01, 2013 - Cleveland Plain Dealer

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IMG Worldwide, the talent agency founded in Cleveland, may fetch $2 billion at auction

A New York buyout firm has put up for sale the sports management powerhouse that Mark McCormack and Arnold Palmer started with a handshake. Arnold Palmer Enterprises are still headquartered at the IMG Center in downtown Cleveland, but the local IMG staff is down sharply from 2004, when the company that pioneered sports management was sold to a New York buyout firm.Robert L. Smith/The Plain Dealer A renowned talent agency founded in Cleveland has been put up for sale and is expected to fetch $2 billion or more for its legacy and its star power.On Monday, a New ... Read More

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