Goldman Sachs is nearing a deal to purchase a majority stake in sports talent agency Excel Sports, which represents sports superstars such as Tiger Woods, Derek Jeter and Caitlin Clark.
Goldman’s asset management unit is in late-stage discussions to purchase a controlling interest for about a $1 billion, according to a Financial Times report on Thursday, which cited two people familiar with the matter. The deal could be announced as soon as next week.
Excel Sports was started by sports agent Jeff Schwartz, who left talent agency IMG in 2002, to form a new firm.
Goldman Sachs declined to comment to the FT. Excel didn’t immediately respond to requests for comment.
