# 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.
- Title: THE•TEAM Forms 11-Member Board After Providence Buyout
- Summary: Providence Equity Partners completes buyout of THE•TEAM founder Casey Wasserman, forming new 11-member board to drive growth.
- Keywords: providence equity partners, thee team, casey wasserman, board of directors, sports music entertainment, buyout, ceo michael watts, chief financial officer elena rochelli, music, Music Business Worldwide
- Source: Music Business Worldwide — https://musicbusinessworldwide.com/theteam-forms-11-member-board-after-providence-completes-buyout-of-founder-casey-wasserman
- Published: 2026-11-13T20:09:52+00:00
- Read time: 1 min
- Topics: providence equity partners, thee team, casey wasserman, board of directors, sports music entertainment, buyout, ceo michael watts, chief financial officer elena rochelli, music, business
## 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.
## Key takeaway

Providence Equity Partners finalized buyout of THE•TEAM founder Casey Wasserman, creating an 11-member board to accelerate growth in sports, music, and entertainment.