« BACK TO TMZ TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Tiger's Manager Wants Extortion Investigation

10/14/2010 8:30 PM PDT BY TMZ STAFF

The guy who owns the company that manages Tiger Woods, Roger Federer and scores of other athletes will go to the LAPD and demand an extortion investigation over a shocking lawsuit alleging a laundry list of misdeeds -- most involving gambling.

101310_img_logo_3

TMZ broke the story ... Agate Printing, Inc. filed a lawsuit against IMG and its owner, Ted Forstmann, claiming Forstmann left Agate holding the bag for a fortune in tax liabilities over gambling losses.

Among other things, the suit alleges Forstmann quadrupled a bet on Roger Federer after Federer allegedly gave him inside info about a match.  And, the suit claims, Forstmann bet against his own client, Tiger Woods.

We've now obtained an internal memo sent to IMG employees, addressing the lawsuit and proclaiming, "We intend to hand over all of the relevant information to the appropriate criminal authorities and to ask them to prosecute this individual [Agate] to the fullest extent of the law."

Sources close to IMG tell TMZ ... Forstmann's lawyer will present evidence that Agate is trying to extort him.


For more sports stories, check out tmzsports.com!
6 COMMENTS

No Avatar

1.

Green AnTiCs    

this is very sad, he extorted him violently. He was the cuase of a loss for over 4 figures to the company.

Extortion is horrible and I dont recomend it! (oksana)

1368 days ago
2.

Phil    

Tiger who???

There was some golfer I recall who used to be a classy guy and the #1 player in the world.

Now just a memory.

1368 days ago
3.

Vangogh    

Tiger "this too shall pass"

1368 days ago
4.

Nostradamus    

The letter from IMG is dated as of tomorrow, not today. Smooth.

1368 days ago
5.

Reese    


You all do realize that Tiger's name is only in the headline to get people to read this article, right? It has nothing to do with Tiger...TMZ is just exploting Tiger's celebrity!!!!

1368 days ago
6.

TJ    

When your mind is focused on money and not your significant other, be prepared for a wild ride! Like a Cowboy Yee Haw! :o)

1367 days ago

Around The Web