Wasserman controls representation across 30+ sports with 2,000+ athletes, coaches, and executives—a consolidated roster that commodifies talent allocation in an increasingly portfolio-driven market. talent agencies now function as distribution networks for brand partnerships and venue consulting, not just commission-driven intermediaries. Casey Wasserman's dual role as LA28 chair creates structural arbitrage: athlete roster meets Olympic-scale infrastructure play, converting individual representation into event-operating capital. The undisclosed AUM masks a thesis—aggregated athlete IP becomes collateralizable asset class for PE, sponsors, and media buyers seeking concentrated access. This consolidation pattern accelerates as traditional agencies fragment.