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Published on: 9/21/2004
Last Visited: 9/22/2004
Potential investors in IMG have been visiting the Cleveland sports management firm this summer to meet with management, Michael Horvitz, IMG board chairman, said Friday.That and this report from The Cleveland Plain Dealer's Corwin A. Thomas
Horvitz, an attorney with Jones Day, would not name the firms or say how many had come to town.Previous published reports have identified New York investment firms Forstmann Little & Co., KKR, Blackstone Group and Evercore Partners as bidders.
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"We are scrupulously trying not to give any investor an advantage," Horvitz said.
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Horvitz said that the process is moving slowly but that IMG hopes to make a decision by the end of the year.
"There are a number of investors, high quality people, who seem to be interested," Horvitz said.