As the clock ticks down toward Relativity Media’s bankruptcy sale, its sports agency unit is putting on its game face. Relativity Sports has filed court papers griping about its parent company keeping the contract to support the division, of which it owns about 25%. The agency that reps scads of pro athletes and is led by Relativity COO Happy Walters was excluded from the big company’s Chapter 11 filing and is running as a stand-alone unit.
In papers filed this week, Relativity Sports claims the Ryan Kavanaugh-led parent company was contracted to offer management services but hasn’t done so. The unit’s attorneys want to make sure that whoever takes over in the coming weeks doesn’t leave the agency stranded on base.
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