Goldman Sachs Nears $1 Billion Deal to Acquire Majority Stake in Excel Sports Management

Goldman Sachs is reportedly near a $1 billion deal to acquire a controlling stake in Excel Sports Management, a sports talent agency representing stars like Tiger Woods and Caitlin Clark. The deal reflects Wall Street's growing interest in the booming sports industry. Goldman's asset management division is in talks to buy the stake at a valuation close to $1 billion. Excel's rise in sports representation has been rapid, and the deal comes as Goldman expands its footprint in mid-sized corporate buyouts and private loans.