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Billionaire Burkle Picks Ex-MSG CEO to Run New Sports Agency

  • Independent Sports and Entertainment run by Hank Ratner
  • Andrew Sasson invests in company and takes a board seat

Billionaire Ron Burkle is starting an athlete management and sports-related investment company that’ll be led by former Madison Square Garden Co. Chief Executive Officer Hank Ratner.

The company, Independent Sports and Entertainment, essentially replaces Relativity Sports, in which Burkle was an investor. The new firm has retained several top agents and their clients from the L.A.-based sports agency, which is closing.