Filed under: FanHouse Exclusive
Teddy Forstmann, CEO of sports management behemoth IMG, paid his chief accuser and alleged middleman on sports bets $575,000 in hush money over the past 18 months, sources told FanHouse's Greg Couch. Jim Agate is suing Forstmann (right) -- Agate's second lawsuit against the IMG head -- alleging the CEO broke a business agreement with Agate's printing business.Agate's original lawsuit against Forstmann -- which was reportedly "thrown out" -- although it does not distinguish whether the suit was dismissed or settled -- claimed Forstmann used Agate as his go-between with Costa Rican gambling houses. FanHouse has reached out to IMG for comment on the new allegations, but as of Thursday evening, no response has been received.
Agate claims that he placed bets for Forstmann on several athletes who are also IMG clients, including golfers Tiger Woods and Vijay Singh and tennis superstar Roger Federer. Agate also claims that Forstmann received inside information from Federer, who has denied the allegations, as well as other star athletes in the IMG stable to place bets on NFL games, the NCAA basketball tournament, NBA, golf, baseball, tennis, college football and the NHL.
In the only interview he's given, Forstmann told the Daily Beast that Agate is a "scumbag lowlife'' and "shakedown artist.'' IMG VP Jim Gallagher called Agate a "whackjob.''
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Source: http://tennis.fanhouse.com/2010/10/28/sources-img-boss-teddy-forstmann-paid-accuser-hush-money/
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