Riddell Sports Group

Operations1980s

Football-helmet manufacturer briefly linked to Jeffrey Epstein

Public filings and contemporary reporting show that Jeffrey Epstein's link to Riddell was limited to a one-time, $1.6 million minority investment in 1988. He never sat on the board, never held voting control, and did not appear in any later equity or debt documents after that year. Control of the helmet maker passed to other owners—first the public markets, then the private-equity firm Fenway Partners in 2003, and finally the Easton-Bell/BRG Sports holding structure that still houses Riddell today.1234

  Epstein's 1988 placement

Vanity Fair's 2003 profile cites SEC records showing Epstein wiring $1.6 million into Riddell Sports Inc. alongside theater owner Robert Nederlander and attorney Leonard Toboroff in 1988.12 A separate litigation exhibit reproduces the same figure and confirms no board seat or control rights attached to the stake.2 Financial swindler Steven Hoffenberg later claimed the capital was actually his loan to Epstein, underscoring how limited—and possibly leveraged—the position was.1 No subsequent SEC filing or press item lists Epstein among insiders once Riddell began filing annual reports in the 1990s.5

  Who has owned Riddell since 1988?

YearControlling owner / structureKey event or filing
1988Public corporation; minority investors incl. EpsteinPrivate placement raises $2 million; Epstein puts in $1.6 million.12
1991–2002Independent, NYSE-listed Riddell Sports Inc.SEC 10-Ks show no Epstein share block; company posts ≈$100 m sales.5
Jul 2003Fenway Partners (private equity)Buys Riddell Sports Group for ≈$100 m.6
Aug 2004Fenway adds Bell SportsMerges Bell with Riddell to form Riddell Bell Holdings.7
Feb 2006Riddell Bell + Easton Sports$400 m combination creates Easton-Bell Sports.38
2014Renamed BRG SportsEaston baseball/softball unit later sold; Riddell remains core.910
2016Vista Outdoor buys Bell/GiroLeaves Riddell as sole BRG brand.11
Sep 2024Riddell press releaseAnnounces CEO succession effective Jan 2025; still Fenway-backed.12
Nov 2023–2025Sale explorationReuters reports Fenway hires UBS to shop Riddell at ≈$800 m valuation; process continues.134

  Bottom line

Epstein was a small, short-term investor, not an owner or operator. All controlling transactions—from Fenway Partners' 2003 buy-out through today's prospective sale—occurred without his involvement. Current filings and press statements list Fenway Partners and Ontario Teachers' Pension Plan—not Epstein—as the equity holders behind Riddell.34


  References

  Footnotes

  1. Vanity Fair 2 3 4

  2. DocumentCloud – Litigation exhibits 2 3 4

  3. Fenway Partners 2 3

  4. MarketScreener 2 3

  5. SEC Form 10-K, 1998 2

  6. Wikipedia – Fenway Partners

  7. Buyouts Insider

  8. Deseret News

  9. Sports Business Journal

  10. SGB Online

  11. New York Post

  12. Riddell Newsroom

  13. Reuters

Published on July 26, 1988

3 min read