LA-based global sports, music and entertainment company The Team, formerly Wasserman, has launched a new board to oversee strategy and lead its next phase of growth.
The group comprises multiple members of current leadership including Chief Executive Michael Watts; Elizabeth Lindsey, Global President, Brands and Properties; Jason Ranne, President, Global Talent Representation; Kevin Shivers, Co-President, Music; Matthew Vandrau, President, EMEA & APAC; Elena Rochelli, Chief Financial Officer; and Jon Liebman, Chairman and CEO of Brillstein Entertainment Partners.
Each will continue serving their leadership role within their respective business units.
They are joined by Davis Noell, Senior Managing Director, Co-Head of North America; Greg Brown, Operating Partner; Scott Marimow, Managing Director; and Ahana Maken, Senior Vice President at Providence Equity Partners.
Providence, the company’s majority owner, will name additional outside board members in the coming months.
Wasserman formally stepped down from his namesake management company last summer when he sold his stake in the business to Providence Equity, adding to its 60% holding. It was rebranded The Team. The deal followed an auction process that saw a number of Hollywood players kick the tires from WME, CAA, Range Media Partners, UTA, Goldman Sachs and a smattering of other private equity firms.
“This is an important moment for our company,” said CEO Watts. “The members of this board have shown the qualities we value most: embracing our culture, supporting their colleagues and delivering exceptional results for our clients. This group will build on our momentum and help us accelerate growth by focusing on the ways we can best support our clients’ goals and aspirations.”
“The Team has an incredibly talented leadership team, and we welcome the expertise and perspective that this board will bring to the business,” said Noell on behalf of Providence. “We’re excited about the growth opportunities ahead and will continue to provide capital and strategic partnership to help expand The Team’s capabilities across sports, music and entertainment.”
The company provides representation and marketing services to talent, brands and properties in sports music and entertainment across 28 countries and 70+ cities worldwide. Its sale process was precipitated after files related to Jeffrey Epstein revealed flirtatious emails Wasserman sent in the early 2000s to close Epstein associate Ghislaine Maxwell.
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