Stephanie Rice’s dumping of agent ‘could be an expensive mistake’
The decision by Olympic gold medalist Stephanie Rice to dump her management company in favour of representing herself could lead to missed opportunities and affect fee negotiations, an expert has warned.
The 21-year-old is reported to have decided to enlist the help of a friend and a marketing consultant to handle her business affairs instead of using International Quarterback.
Rice was reportedly unhappy with having to pay 20% commission to her management company. With estimated earnings of $800,000 a year, she currently has deals with Davenport, the Seven Network, Sunrise rice, Telstra and Speedo.
Brian Levine, co-founder of celebrity management and sports marketing company Blinc International told Mumbrella that a good agent will always cover more than their commission. “Through smart negotiating you can increase the fee paid to the client,” he said.
So sports agents think dumping sports agents is a bad idea, I’m stunned.
What a surprise the ‘expert’ quoted is “co-founder of celebrity management and sports marketing company “. If she has the time to devote to this type of thing and is good at it, then there’s no reason she can’t do as good if not better job. I’m sure potential suitors will listen when Steph calls them direct.
Sports management is a tough area and having expert people and the resources ensures higher degree of success.
Stephanie has been vey successful through her current management and it is surprising she now wants to do this herself!
this is like an episode of arliss