From Music Business Worldwide · · 1m 20s
THE•TEAM Forms 11-Member Board After Providence Buyout
Providence Equity Partners completes buyout of THE•TEAM founder Casey Wasserman, forming new 11-member board to drive growth.
In brief
Providence Equity Partners completes buyout of THE•TEAM founder Casey Wasserman, forming new 11-member board to drive growth. Providence Equity Partners finalized buyout of THE•TEAM founder Casey Wasserman, creating an 11-member board to accelerate growth in sports, music, and entertainment. Originally reported by…
New Board Announced
THE•TEAM has formed a new 11-member board of directors after Providence Equity Partners completed a buyout of founder Casey Wasserman's remaining ownership interest.
Board Composition
Seven members come from THE•TEAM's leadership group including CEO Michael Watts and CFO Elena Rochelli, while four are from Providence Equity Partners.
Board Roles
All seven THE•TEAM executives retain their leadership roles, while Providence appoints Davis Noell, Greg Brown, Scott Marimow, and Ahana Maken to the board.
Board Purpose
The board will oversee THE•TEAM's strategy and accelerate growth by focusing on supporting clients' goals and aspirations.
“this group will build on our momentum and help us accelerate growth by focusing on the ways we can best support our clients' goals and aspirations”
Providence Investment
Providence Equity Partners completed an additional investment on October 5 to fund the buyout, with the deal valued at approximately USD $3.4 billion.
Founder's Exit
Casey Wasserman left THE•TEAM in February 2026 after becoming a distraction, following DOJ documents showing correspondence with Ghislaine Maxwell in 2003.
“wasserman told staff in a memo at the time that he had become a distraction”
Rebranding
THE•TEAM dropped the Wasserman name in March 2026 after the DOJ documents revealed Wasserman's correspondence with Ghislaine Maxwell.
At a glance
Providence Equity Partners finalized buyout of THE•TEAM founder Casey Wasserman, creating an 11-member board to accelerate growth in sports, music, and entertainment.
