Getting your Trinity Audio player ready…Providence Equity will assume full control of The Team (formerly Wasserman), with the firm set to buy out founder Casey Wasserman’s remaining ownership stake. Providence, which first invested in The Team back in 2022, already owns about 60% of the agency. Despite selling the Team, Wasserman has maintained his position as the chairman of LA28 amid repeated calls as high up as Mayor Karen Bass for his resignation. J.P. Morgan served as exclusive financial advisor and Kirkland & Ellis LLP is served as legal counsel to Providence, while Moelis served as financial advisor to The Team. BDT & MSD Partners served as financial advisor to Casey Wasserman, while Sullivan & Cromwell LLP is served as legal counsel to Wasserman and The Team.