United Talent Agency’s Investment in Klutch Sports Group


Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisors to UTA on the deal. Gibson, Dunn & Crutcher LLP advised Klutch Sports Group. Main Street Advisors served as Klutch Sport Group’s representative and structured the transaction in collaboration with UTA.

The leading talent and entertainment company United Talent Agency (UTA), announced a significant investment in the powerhouse sports agency Klutch Sports Group, led by its founder and CEO Rich Paul, a move that among other things will create UTA Sports and bring Los Angeles Lakers stars LeBron James and Anthony Davisinto the agency fold.

Marking a transformative new partnership, Klutch will continue to operate under its own brand and Paul will also become Head of UTA Sports, focusing on building UTA’s sports business for athletes in all their professional endeavors, on and off the field.

Headquarted in Los Angeles, UTA represents many of the most acclaimed figures across film, television, news, music, sports, theater, fine art, literature, video games, podcasts and other social and digital content.

Klutch Sports was founded in September 2012 in Cleveland, Ohio and has quickly emerged as one of the most important agencies in all of sports. In the last two years, Klutch has negotiated almost $1 billion in contracts, while expanding to offices in Cleveland and Los Angeles.

The Skadden team includes M&A/Media and Entertainment partners David Eisman (Picture) and Allison Hunter and associate Agnes Aniol; Labor and Employment counsel Risa Salins and associate Brittany Ellenberg; Sports partner Karen Hoffman Lent and associate Danielle Menitove; Tax partner Nathan Giesselman; Banking partner David Kitchen and associate Tania Sweis; Executive Compensation and Benefits partner Tom Asmar and associate Jameson Frazier.

Involved fees earner: Agnes Aniol – Skadden Arps Slate Meager & Flom; Thomas Asmar – Skadden Arps Slate Meager & Flom; David Eisman – Skadden Arps Slate Meager & Flom; Brittany Ellenberg – Skadden Arps Slate Meager & Flom; Jameson Frazier – Skadden Arps Slate Meager & Flom; Nathan Giesselman – Skadden Arps Slate Meager & Flom; Karen Hoffman Lent – Skadden Arps Slate Meager & Flom; Allison Hunter – Skadden Arps Slate Meager & Flom; David Kitchen – Skadden Arps Slate Meager & Flom; Danielle Menitove – Skadden Arps Slate Meager & Flom; Risa Salins – Skadden Arps Slate Meager & Flom; Tania Sweis – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: United Talent Agency, Inc.;