Tiger Woods, Roger Federer manager sued over alleged shady betting
By ANIThursday, October 14, 2010
WASHINGTON - A lawsuit has been filed against the company that manages Roger Federer and Tiger Woods, it has emerged.
The lawsuit alleged that the owner of the company bet millions of dollars on sporting events, used inside information to wager on a Federer match and bet against his own client, Tiger Woods.
IMG — one of the biggest sports management companies in the world — is being sued by a printing company, which allegedly served as a gambling go-between and even provided escorts for the owner of IMG, Theodore Forstmann.
According to the suit, filed in L.A. County Superior Court, Agate Printing, Inc. claims it made millions of dollars in bets on Forstmann’s behalf, and that Forstmann covered some of his losses on IMG accounts.
The suit claims Forstmann actually bet against some of his own clients - in particular Tiger Woods. In one case Forstmann allegedly bet against Tiger when he was competing against Vijay Singh, a “so-called close personal friend” of Forstmann and client of IMG at the time.
The suit alleges Forstmann loathed Tiger, often referring to him and other African Americans as “schwartzas” and allegedly making other derogatory comments about “blacks, Jewish people, and other minorities.” The suit alleges Forstmann also criticized Woods’ lifestyle decisions.
And the suit goes on, alleging tennis star Roger Federer gave Forstmann inside information about a tennis match in which Federer competed. The suit claims in one case Forstmann raised his bet from 10,000 dollars to 40,000 dollars after receiving the inside info from Federer.
The match in question was the 2006 French Open final. Ironically, Federer lost to Rafael Nadal.
Agate filed suit because Forstmann allegedly breached an agreement to give his company printing business. Agate also claims Forstmann left his company holding the bag on tax liabilities for the gambling losses.
“The allegations in James Agate’s complaint are beyond false, they are preposterous,” TMZ quoted Forstmann’s rep, Michael Sitrick, as saying.
No immediate comment from Federer’s rep. (ANI)
