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Tiger Woods’ Management Company, IMG Sued

Posted by on October 14, 2010 at 11:18 AM EST

tiger woods manager suedLess than two months after his very public divorce from Elin Nordegren, Tiger Woods is making headlines again – but this time it is his management company IMG that’s in hot water.

Tiger Woods is a client of sports management giant, IMG, owned by Theodore Forstmann. Forstmann’s company manages other notable stars, including tennis great Roger Federer, and both Tiger Woods’ and Federer’s names show up in a recently filed lawsuit.

As reported by TMZ, the suit, filed by Agate Printing in L.A. County Superior Court, alleges Forstmann used inside information for betting purposes. In one instance, it claims Roger Federer supplied Forstmann information prior to the 2006 French Open, and as a result Forstmann changed his wager from $10,000 to $46,000. (In a karma-ish twist, Federer lost that match to Rafael Nadal.)

Besides illegally using his clients to tip bets, this lawsuit goes on to paint a picture of the IMG owner as a jerk and a racist. It claims Forstmann actually bet against clients, most notably, Tiger Woods, and further suggests Forstmann made repeated offensive comments about Woods and others.

TMZ obtained copies of the lawsuit, and reports it implies Forstmann dislikes the PGA philanderer, Tiger Woods, claiming Forstmann made public remarks about Woods’ lifestyle choices. It pushes further, claiming he is also a racist, who regularly made offensive comments about “blacks, Jewish people, and other minorities.”

Tiger Woods was not contacted for comment, but IMG quickly fired back via rep, calling the allegations “preposterous.” Michael Sitrick, Forstmann’s representative, goes on to dismiss racial prejudice; pointing out Forstmann has two adopted African children. The story gets even more convoluted when Sitirck reveals Agate has already been down this road once before: first, filing a similar in 2008 lawsuit that was later dismissed; and additionally admitting to spreading lies about Forstmann in a 2009 letter.

Tiger Woods, once known as a golf great, but more recently headlined as a cheating scoundrel, appears to – for once – have no direct role in the alleged misbehavior.



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