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Financier Theodore Forstmann dies

Updated: November 20, 2011, 4:19 PM ET
Associated Press

NEW YORK -- Theodore J. Forstmann, a longtime financier who counted the iconic baseball card company Topps and business jet company Gulfstream Aerospace among his buyouts, died Sunday at the age of 71.

The cause was brain cancer, according to a statement from sports agency IMG. Forstmann was the chairman and CEO of IMG and was the senior founding partner of the investment firm Forstmann Little & Co. Forstmann Little bought IMG in 2004.

Forstmann Little, which was founded in 1978, ...

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