Dominos falling for a college football playoff?
Posted: Wed May 23, 2007 4:29 pm
I missed this story when it ran at the beginning of the month. But IMG is buying Collegiate Licensing. CLC is the concern that handles the vast majority of licensing deals for colleges and universities in this country (ND uses them for some of their licensing needs). A few years back IMG proposed to the power conferences a multibillion dollar deal in which they would stage a college football play-off. At the time IMG was a relative unknown in the college sports world. With their acquisition of CLC, they are a leading player. Does this increase the odds of a college football playoff?
We now have another powerful commercial enterprise with a financial interest in maximizing the exposure of college sports...
Associated Press
IMG Acquires Collegiate Licensing
Associated Press 05.01.07, 3:59 PM ET
Sports and entertainment marketing firm IMG, best known for handling the marketing of high-profile professional athletes, announced a deal Tuesday to acquire Collegiate Licensing Co., the largest college trademark licensing agency in the United States.
Terms of the agreement were not disclosed.
Atlanta-based Collegiate Licensing helps colleges and universities develop and manage their brands within a $3 billion merchandising market.
Under the agreement, Collegiate Licensing will operate as a freestanding unit as part of IMG's Sports and Entertainment Group, headed by George Pyne, group president in New York.
Bill Battle, Collegiate Licensing founder and chairman, will continue to lead the company, which will remain headquartered in Atlanta.
Privately owned, New York-based IMG was formerly based in Cleveland, where marketing entrepreneur Mark McCormack founded it and ran it until his death about four years ago. New York buyout firm Forstmann Little & Co. bought IMG in 2004 for $750 million.
Ted Forstmann, IMG's chairman and chief executive, said Tuesday the Collegiate Licensing deal creates a new opportunity for IMG growth.
"You have a kind of a built-in, enthusiastic market with alumni and students," Forstmann said in an interview. "We haven't been in collegiate sports really at all. These guys have built this business over 25 years and they are very good at what they do. It's a very good area of potential growth."
Becoming part of IMG will allow Collegiate Licensing to explore more revenue options in U.S. and international markets for collegiate clients, Battle said.
We now have another powerful commercial enterprise with a financial interest in maximizing the exposure of college sports...
Associated Press
IMG Acquires Collegiate Licensing
Associated Press 05.01.07, 3:59 PM ET
Sports and entertainment marketing firm IMG, best known for handling the marketing of high-profile professional athletes, announced a deal Tuesday to acquire Collegiate Licensing Co., the largest college trademark licensing agency in the United States.
Terms of the agreement were not disclosed.
Atlanta-based Collegiate Licensing helps colleges and universities develop and manage their brands within a $3 billion merchandising market.
Under the agreement, Collegiate Licensing will operate as a freestanding unit as part of IMG's Sports and Entertainment Group, headed by George Pyne, group president in New York.
Bill Battle, Collegiate Licensing founder and chairman, will continue to lead the company, which will remain headquartered in Atlanta.
Privately owned, New York-based IMG was formerly based in Cleveland, where marketing entrepreneur Mark McCormack founded it and ran it until his death about four years ago. New York buyout firm Forstmann Little & Co. bought IMG in 2004 for $750 million.
Ted Forstmann, IMG's chairman and chief executive, said Tuesday the Collegiate Licensing deal creates a new opportunity for IMG growth.
"You have a kind of a built-in, enthusiastic market with alumni and students," Forstmann said in an interview. "We haven't been in collegiate sports really at all. These guys have built this business over 25 years and they are very good at what they do. It's a very good area of potential growth."
Becoming part of IMG will allow Collegiate Licensing to explore more revenue options in U.S. and international markets for collegiate clients, Battle said.