Why A Big Investment Bank Bought A Big Sports Agency

Something big happened in the sports business world this week and nobody is talking about it. But these sports experts are! On this week's episode of Business Decision, Mike Vorkunov talks to Sportico's Jacob Feldman about why a famed investment bank bought one of sports' most prominent player agencies. Goldman Sachs took a majority stake in Excel Sports, giving it control of the agency that represents some of the world's most famous athletes like Caitlin Clark, Nikola Jokić, Tiger Woods, Derek Jeter, Cal Raleigh and others. It's a big deal. But why did they do it and what does it mean? Mike and Jacob explain it all. Also, another sports gambling scandal just hit. This time, it's two Cleveland Guardians pitchers who got indicted by the federal government. What did Emmanuel Clase and Luis Ortiz do, and what does it mean for MLB? The Business Decision question of the week is something Nico Harrison answered incorrectly. It's why the Dallas #Mavericks fired their GM Tuesday.Reading List: Goldman Sachs to become majority stakeholder of Excel Sports ManagementGoldman Sachs Buys Talent Agency of Tigers Woods, Caitlin Clark