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Wasserman’s Buyout & The Allure of Athlete-Adjacent Media

Months after agreeing to sell his talent and marketing firm amid an Epstein-adjacent email scandal, Casey Wasserman is getting a massive payout as a new Morgan Stanley ranking shows just how powerful live events are becoming in the entertainment landscape.

Casey Wasserman
Casey Wasserman, founder of Wasserman (now called The Team) Photo: Andreas Rentz / Getty Images)
Matthew Belloni
July 23, 2026

Get excited, we finally have a winner in the monthslong auction of the sports and talent agency formerly known as Wasserman, and it’s… maybe the least sexy of all the suitors. Per two sources familiar, Providence Equity Partners, the P.E. firm that already owns 60 percent of Wasserman (now called The Team), is finalizing a deal to buy out founder Casey Wasserman and take full control of the company.