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Insider

Too many headaches to overcome

6/9/2005

In 1992, I founded Precept Sports & Entertainment, Inc. Setting up a sports agency was easy. The hard part was keeping it going ethically while others were content to backbite and conspire to win.

My getting out of the business is a long story, but simple. Competition became more intense and started to engage in things I didn't feel were ethical. I wasn't going to stoop to conquer, so I left the business. But let's start at the beginning.

I was drawn into the business for two main reasons. One, I'd heard a lot of horror stories about players who had been defrauded out of their money. In those stories, I never heard of a player's representative intervening and stopping him from being taken advantage of or accepting responsibility for hooking him up with the guilty financial advisor.