EMPLOYMENT AGREEMENT


         AGREEMENT,  dated as of April  16,  1997,  between  WORLDWIDE  FOOTBALL
MANAGEMENT,  INC. a Delaware  corporation  having  its  principal  offices at 29
Northfield Avenue, West Orange, New Jersey 07052 (the  "Corporation"),  and JOEL
SEGAL ("Employee") residing at 330 East 75th Street, New York, New York 10021.

                                               W I T N E S S E T H:

     WHEREAS,  the  Corporation  is a subsidiary  of Worldwide  Entertainment  &
Sports Corp. ("WW");

         WHEREAS,  the Corporation  engages in the business of providing  career
management,    professional    representation,    contract   negotiation,    the
identification  and  procurement  of  endorsements  and  personal   appearances,
business  management  and  related  services  as  well  as  the  development  of
non-professional   football  related  opportunities  for  professional  football
players (the "Corporation's Business");

         WHEREAS,  the Employee has significant  experience in the Corporation's
Business  and  the  Corporation   wishes  to  assure  itself  of  the  continued
availability  of the advice and  services  of Employee  in  connection  with the
Corporation's Business; and

         WHEREAS, Employee wishes to be employed by the Corporation;

         NOW,  THEREFORE,  in  consideration  of the  premises and of the mutual
agreements set forth herein, the parties hereto agree as follows:

         1.  Employment  and Term.  Subject to the terms and  conditions of this
Agreement,  the Corporation  shall employ Employee,  and Employee hereby accepts
employment by the Corporation, for a period of five (5) years.

         2.       Employee's Duties; Employee's Representations and Warranties.

                  (a) Employee shall serve the  Corporation as its President and
as a Director and in such other  executive  capacities  as may be  determined by
either the Chairman of the Board of Directors  of the  Corporation  or the Chief
Executive Officer and President of WW and as are consistent with the performance
of his duties  hereunder.  Employee  shall  perform and be  responsible  for the
provision  of  such  executive,   administrative,   client  development,  client
managerial,   marketing  and  other  services  and  duties  (including,  without
limitation,  the  preparation  of periodic  reports  regarding  the business and
affairs of the  Corporation),  as are required by or incidental to the positions
he holds or as may, from time to time, be requested by the Chairman of the Board
of  Directors  of the  Corporation,  the Board of  Directors of WW, or the Chief
Executive  Officer or President of WW, and the Employee shall report directly to
such  persons.  During the term of this  Agreement,  Employee  shall  devote his
entire  business  time,  attention and energies,  on a full-time  basis,  to the
Corporation's


<PAGE>




Business  and he shall  not be  required  by the  Corporation  to  relocate  his
permanent  residence  from  New  York  City for the  performance  of his  duties
hereunder.  The foregoing  notwithstanding,  the Employee  shall be permitted to
dedicate up to 5 hours per week toward serving as a law professor at Hofstra Law
School.  The income  Employee  derives  from  teaching  at Hofstra  shall not be
subjected to the terms of this Agreement.

     (b) As of the date  hereof,  the  Employee  represents  and warrants to the
Corporation as follows:

                           (i)  Employee  is  currently  listed by the  National
                  Football League Players Association  ("NFLPA") as being a duly
                  certified  player agent.  Except as set forth in Schedule A to
                  the  disclosure  letter of the Employee  dated the date hereof
                  (the  "Disclosure  Letter");  (A)  the  Employee  is  in  good
                  standing in accordance  with his role as exclusive  bargaining
                  agent for NFL  players;  (B) Employee is duly  registered,  or
                  within sixty (60) days of the date hereof, shall be registered
                  and in good standing with all amateur and professional  sports
                  agencies   and   organizations,   and  all   state  and  local
                  governmental   or  regulatory   agencies   necessary  for  the
                  performance of the Employee's duties  hereunder;  (C) Employee
                  is not aware of any facts or circumstances  which could result
                  in the revocation or suspension of any of the  foregoing;  and
                  (D) Employee has not been, nor is he currently, the subject of
                  any formal or informal inquiry or  investigation  with respect
                  to  violation  of any  regulatory  organization,  nor  has the
                  Employee  been found or alleged to have been in violation  of,
                  or entered into any consent decree or other  settlement of any
                  allegations of, any governmental,  academic or self regulatory
                  organization  or  agency,  including  without  limitation  any
                  securities regulation or self-regulatory organization rules or
                  regulations relating to securities.

                           (ii)  Schedule  B  to  the  Disclosure  Letter  is  a
                  complete and  accurate  schedule as of the date hereof of: (A)
                  the individuals  that Employee  represents as a duly certified
                  player's  agent listed with the NFLPA;  (B) the current annual
                  compensation  amounts of each individual  (including  revenues
                  from endorsement income broken out and so identified); (C) the
                  number of years remaining on each player's  existing  contract
                  and the salary and guaranteed  bonus and other payments due to
                  the  player  thereunder,   and;  (D)  the  percentage  of  the
                  respective   annual   compensation   amounts   of  the  listed
                  individuals   that  Employee  has  contracted  to  receive  as
                  commission   (cumulatively,   "Employee's   Client  Business")
                  pursuant  to signed and valid agent  agreements,  which to his
                  best knowledge have not been or are not being or threatened to
                  be terminated or breached by any party  thereto.  There are no
                  unpaid fees due to the Employee as of the date hereof from any
                  such individuals, or any individuals for whom the Employee has
                  acted as a certified  player's  agent  since  January 1, 1994,
                  which have not been paid in full.

                           (iii) Except as set forth in the  Disclosure  Letter,
                  neither the  execution  and delivery of this  Agreement by the
                  Employee, the engagement by the Corporation of


<PAGE>




                  the  Employee  nor the  performance  of the  activities  to be
                  conducted by the Employee  contemplated  hereby  violates,  or
                  contradicts,   the   provisions  of  any  agreement  or  other
                  instrument or restriction, or any judgment, order or decree of
                  any governmental,  academic or self regulatory organization or
                  agency,  to which the  Employee is a party or which is binding
                  upon the Employee.

                           (iv) The Employee  hereby  represents that he has not
                  and  will not have at any time in the  future  any  direct  or
                  indirect  financial  interest  in or with  any  individual  or
                  entity  conducting   business  with  the  Corporation  or  any
                  affiliate of WW unless disclosed in advance in writing to, and
                  with the consent of, the President of WW. Nothing herein shall
                  be construed, however, to prevent the Employee from owning not
                  more than 5% of the outstanding  securities of any entity that
                  is listed on a national  securities  exchange or traded in the
                  over-the-counter market.

         3. Client List  Assignment.  By executing this  Agreement,  and as more
fully set forth in  Exhibit A hereof,  Employee  hereby  assigns  the rights and
interests to the revenue  generated by any  individuals or entities  signed to a
valid  representation  agreement,  or with whom material  discussions  regarding
entering a representation agreement were had by the Employee, the Corporation or
any of its employees or affiliates  during the period  commencing with the start
of Employee's employment,  and continuing for the term of this Agreement and any
extensions hereof (the "Corporation's Clients"). Employee hereby also assigns to
the  Corporation  all other revenues  generated by the performance of any of his
duties hereunder during the term of this Agreement.

         4. Employee  Certification.  Employee covenants to maintain his listing
with the NFLPA and with all necessary governmental and self-regulatory  agencies
and  organizations.  In addition,  Employee  agrees to apply for any  additional
certifications  as from time to time may be deemed  necessary by the Chairman of
the Board of WW for the development of the Corporation's Business.

         5.       Corporation's Budget.

                  Attached as Schedule C to the Disclosure Letter is a projected
one year budget which the Employee has prepared and which the Employee  believes
reasonably and accurately  estimates the income from,  expenses associated with,
and capital needed for, the operation of the  Corporation and the development of
the  Corporation's  Business.  Employee,  in his  capacity as  President  of the
Corporation,  covenants to cause the  Corporation  to adhere,  within a range of
15%,  to the  projected  expense  budget as set forth on such  Schedule C and as
administered or modified by the Employee in such manner as approved by the Board
of Directors of WW.

         6.       Compensation.

                  (a) Salary. During the term of this Agreement, the Corporation
shall  pay to  Employee  a base  salary  at the rate of  $190,000  per  annum in
accordance with the Corporation's regular payroll practice, but in no event less
than two times a month.



<PAGE>




                  (b)  Cash  Bonus.  Concurrently  with  the  execution  of this
Agreement,  the Corporation shall pay to the Employee,  as signing bonus, a lump
sum of $75,000 (less withholding taxes and other applicable payroll deductions).
It is understood,  however,  that if before  December 31, 1998 this Agreement is
either (A)  terminated  by the Company  "for  cause" (as defined in  Paragraph 9
hereof and adjudicated by court of competent  jurisdiction)  or (B) the Employee
resigns,  other  than  as  a  result  of a  breach  of  this  Agreement  by  the
Corporation,  the Employee shall repay such bonus to the Corporation.  The Board
of Directors will review, on a quarterly basis, the contribution, if any, of the
Employee to the business operations of WW outside of the Corporation. Based upon
such review,  Employee may receive cash or other  bonuses as  determined  at the
discretion of the Chairman of the Board of the Corporation.

                  (c) Stock Option Plan.  Employee  shall be eligible to receive
options to purchase  shares of the Common Stock of WW  ("Options")  under the WW
Stock Option Plan,  pursuant to the terms and conditions  set forth therein,  as
applicable to employees of WW's  subsidiaries,  subject to the discretion of the
WW Board of Directors or any committee  thereof.  Such grants,  if any, shall be
commensurate with the Employee's role in WW, on a consolidated basis.

                  (d)   Travel and Entertainment Reimbursement.

                        (i)  Each  month  during  the  Term of  this  Agreement,
                  Employee shall submit to the  Corporation an employee  expense
                  reimbursement  form with  respect to all  reasonable  expenses
                  incurred by Employee in connection with the performance of his
                  duties  hereunder,   including  without  limitation   expenses
                  incurred in connection with local travel expenses set forth in
                  Paragraph  (e),  below.  Employee  acknowledges  that he shall
                  obtain the prior written  approval of WW before  incurring any
                  commitment,  expense or other expenditure in excess of $3,000.
                  Each  reimbursement  form  shall be  accompanied  by copies of
                  appropriate  receipts  and/or  invoices and shall be in a form
                  and in sufficient  detail so as to facilitate  compliance with
                  applicable    Internal   Revenue   Service    guidelines   and
                  regulations. The Corporation shall reimburse Employee for such
                  reasonable  expenses  within  fifteen (15) days of the date of
                  the submission of Employee's monthly reimbursement form.

                        (ii) Employee shall be given a corporate  credit card or
                  access to other  corporate  credit  facilities,  in accordance
                  with  the  policies  established  from  time  to  time  by the
                  Corporation,  coincidental  with their  establishment by WW or
                  the Corporation for use in Corporation matters.

                  (e) Automobile Credits. Employee shall be reimbursed for up to
$1,000 per month during the term of this  Agreement  for local  travel  expenses
incurred,  including, in his discretion,  for the rental,  leasing,  purchase or
other procurement, parking, maintenance and operation of an automobile. Employee
shall  submit to the  Corporation  appropriate  expense  reimbursement  forms to
receive such reimbursement.



<PAGE>




                  (f) Disability Compensation. If the Employee becomes unable to
substantially  perform his duties hereunder due to physical or mental disability
or incapacity (is "Disabled") he shall be allowed to continue to receive payment
of his salary,  at his base salary rate set forth in 6(a) above, for a period of
time totaling either: (i) three (3) consecutive  months; or (ii) an aggregate of
six (6) months during the Term of this  Agreement  ("Disability  Compensation").
Non-consecutive periods of absence for Disability taken during the Term shall be
aggregated  and  counted  against  such six (6)  month  period.  The  amount  of
Disability  Compensation  payable to Employee  shall be reduced by the aggregate
amount of all income disability benefits which for such period he may receive or
to which he may be entitled  by reason of (i) any group  health  insurance  plan
which is intended to function as a salary  replacement plan, (ii) any applicable
compulsory state disability law, (iii) the Federal Social Security Act, (iv) any
applicable workmen's compensation law or similar law, (v) any plan towards which
the  Corporation or any parent,  subsidiary or affiliate of the  Corporation has
contributed or for which it has made payroll deductions,  such as group accident
or health  policies,  other  than  those  which  reimburse  for  actual  medical
expenses,  and (vi) any income  Employee may receive from third  parties for his
performance of any services.

                  (g)  Medical  Insurance;  Life  Insurance.  Employee  shall be
provided  Medical  Insurance  benefits  commensurate,  in  amount  and  scope of
coverage,  with those  benefits  generally  provided by WW to its key  employees
consistent with the policies and practices established from time-to-time by WW's
Board of Directors.  The Corporation shall purchase a term life insurance policy
for the benefit of the Employee with an annual premium payout  obligation not to
exceed $750.

         7. GAAP Accounting to be Used. Except as otherwise  specifically stated
herein,  all calculations made by either party for any purpose set forth in this
Agreement shall be made in accordance with GAAP.

         8.  Termination  on Disability or Death.  In the event that Employee is
Disabled for: (a) a period of three (3) or more consecutive  months;  or (b) six
(6)  months in the  aggregate  during  the Term of this  Agreement,  either  the
Corporation or the Employee  shall have the right to terminate  this  Agreement,
and  Employee's  employment  hereunder,  upon thirty  (30) days'  prior  written
notice. In the event that Employee is able to render, and recommences rendering,
services and performing his duties  hereunder to the  satisfaction of WW's Board
of  Directors  within  such  thirty (30) day notice  period,  Employee  shall be
reinstated.  If Employee dies during the term of this Agreement,  this Agreement
shall terminate  immediately  upon his death,  any benefits  unvested as of such
date shall lapse unless  otherwise  specifically  made to vest by other  written
agreement, and all of Employee's assignments hereunder shall become irrevocable.

         9.       Termination; Termination for Certain Causes.

                  (a) The  Corporation  may terminate this Agreement at any time
"for  cause."  As used  herein,  "for  cause"  shall mean the  Employee's  gross
negligence,  misfeasance,   malfeasance  in  the  performance  of  his  services
hereunder,  conviction of any fraud or felony,  the  commission of acts which in
the  reasonable  determination  of the Board of Directors may be damaging to the
business or


<PAGE>




reputation of the  Corporation or WW, the material breach by the Employee of any
provision hereof, or the Employee's misappropriation of funds.

                  (b) From and after December 31, 1998 either the Corporation or
the Employee may, but neither is obligated to, terminate this Agreement on sixty
(60) days' prior written notice to the other.
                  (c) In the event of a  termination  of this  Agreement  by the
Corporation  pursuant  to  Paragraph  9(b)  hereof,  or  in  the  event  of  the
non-renewal  of this  Agreement  at the end of the  Term  hereof,  then  (i) the
Corporation shall,  within ten (10) business days after receipt thereof,  pay to
the Employee 50% of the revenues to be derived from the  Corporation's  Clients,
after deduction of direct expenses applicable to the Corporation's  Clients, and
(ii) the Employee  shall,  within ten (10) business days after receipt  thereof,
pay to the Corporation 50% of the revenues to be derived from the  Corporation's
Clients,  after  deduction of direct  expenses  applicable to the  Corporation's
Clients,   received   by   Employee   or  his  future   employers,   affiliates,
representatives,  or  those  acting  in  concert  therewith.  It is  understood,
however,  that in the event of the  termination of this Agreement as a result of
(i) the termination by the Corporation of the Employee's employment "for cause";
or (ii) the voluntary  termination of this Agreement by the Employee at any time
during the Term hereof, then (A) the Corporation shall, within ten (10) business
days after receipt thereof, pay to the Employee 40% of the revenue to be derived
from the  Corporation's  Clients after deduction of direct  expenses  applicable
thereto, and (B) the Employee shall, within ten (10) business days after receipt
thereof,  pay to the  Corporation  60% of the  revenues  to be derived  from the
Corporation's  Clients,  after  deduction of direct  expenses  applicable to the
Corporation's Clients, received by Employee or his future employers, affiliates,
representatives,  or those acting in concert therewith.  The payments under this
Paragraph  9(c) shall be in lieu of any other  claims for damages as a result of
such termination.

         10.      Confidentiality.

                  (a) Employee  understands and acknowledges that as a result of
Employee's   involvement  with  the  Corporation's   Business  he  is  or  shall
necessarily become informed of, and have access to, confidential  information of
the  Corporation,  WW  and  their  respective  affiliates,  clients,  licensees,
franchises,   subsidiaries  and  joint  ventures  (collectively  the  "Worldwide
Network"),   including  without  limitation,  trade  secrets,  know-how,  plans,
specifications  and the  identity  of  clients.  The  Employee  understands  and
acknowledges that such information,  to the extent it is not directly related to
the  Employee's  Client  Business  or the  Corporation's  Clients  for  whom the
Employee acts as exclusive  player's agent,  even though it may have been or may
be developed or otherwise  acquired by Employee  during his employment  with the
Corporation,  is the exclusive  property of the Worldwide  Network to be held by
Employee in trust and solely for the  Worldwide  Network's  benefit and Employee
shall not at any time, either during or subsequent to his employment  hereunder,
reveal,  report,  publish,   transfer  or  otherwise  disclose  to  any  person,
corporation or other entity, or use, any of the Worldwide Network's confidential
information  not  directly  related to the  Employee's  Client  Business  or the
Corporation's  Clients for whom he acts as exclusive Player's Agent, without the
written consent of the Corporation's or WW's Board of Directors,  except for use
on behalf of the Corporation in connection with the Corporation's  Business, and
except for such information (i)


<PAGE>




known to the Employee on the date hereof and (ii) which legally and legitimately
is or becomes disclosed by authorized sources other than Employee.

                  (b)  Upon  the   termination  of  his   employment   with  the
Corporation for any reason,  Employee shall promptly  deliver to the Corporation
all manuals, letters, notes, notebooks, reports and copies thereof and all other
materials,  including,  without  limitation,  those of a secret or  confidential
nature,   relating  to  the  Corporation's  Business  which  are  in  Employee's
possession or control.

         11.      Non-Competition.

                  (a) During his employment with the Corporation, Employee shall
refer to WW all  opportunities  within the scope of  business  of the  Worldwide
Network  presented to Employee,  and Employee shall not,  anywhere in the United
States of America,  or elsewhere in the world (or for such lesser area as may be
determined by a court of competent jurisdiction to be a reasonable limitation on
the competitive activity of the Employee), directly or indirectly:

                        (i)  engage in any  activities  directly  or  indirectly
                  competitive  with  the  Corporation's  Business  or  with  the
                  interests of the Worldwide Network or any of them;

                        (ii) otherwise  divert or attempt to divert any business
                  whatsoever from the Worldwide  Network;  solicit or attempt to
                  solicit,  for  any  non-Corporation   business  endeavor,  any
                  employee of the Worldwide Network or any of them; or

                        (iii)  interfere  in  any  material   respect  with  any
                  business relationship between any of the Worldwide Network and
                  any other person.

         12.  Remedies and Survival.  Because the  Corporation  does not have an
adequate remedy at law to protect its business from Employee's competition or to
protect  its  interest  in  its  trade  secrets,   privileged,   proprietary  or
confidential information and similar commercial assets, the Corporation shall be
entitled to  injunctive  relief,  in addition to such other  remedies and relief
that would,  in the event of a breach of the provisions of Paragraphs 10 and 11,
be available to the  Corporation.  The  provisions  of  Paragraphs 3 (subject to
paragraph 9), 9 and 10, and this Paragraph 12, shall survive any  termination of
Employee's employment with the Corporation.

         13.   Entire   Agreement.   This   Agreement   sets  forth  the  entire
understanding  of the parties hereto with respect to its subject matter,  merges
and supersedes any prior or  contemporaneous  understanding  with respect to its
subject  matter,  and shall not be  modified  or  terminated  except by  another
agreement in writing  executed by the  Corporation  and  Employee.  Failure of a
party to enforce one or more of the  provisions of this  Agreement or to require
at any time performance of any of the obligations  hereof shall not be construed
to be a waiver of such  provisions  by such  party nor to in any way  affect the
validity of this  Agreement  or such  party's  right  thereafter  to enforce any
provision of this  Agreement,  nor to preclude  such party from taking any other
action at any time which it would legally be entitled to take.


<PAGE>





         14.  Severability.  If any  provision  of this  Agreement is held to be
invalid or unenforceable by any court or tribunal of competent jurisdiction, the
remainder of this  Agreement  shall not be affected by such  judgment,  and such
provision  shall be carried out as nearly as possible  according to its original
terms and intent to eliminate such invalidity or unenforceability.

         15.  Successors  and  Assigns.  Neither  party  shall have the right to
assign this personal agreement, or any rights or obligations hereunder,  without
the consent of the other party; provided,  however, that upon the sale of all or
substantially all of the assets and business of the Corporation to another party
under the control of Marc Roberts,  or upon the merger or  consolidation  of the
Corporation  with another  corporation  under the control of Marc Roberts,  this
Agreement  shall inure to the benefit of, and be binding upon, both Employee and
such party  purchasing  such assets,  business and goodwill,  or surviving  such
merger or consolidation,  as the case may be, in the same manner and to the same
extent  as  though  such  other  party  were  the  Corporation.  Subject  to the
foregoing,  this Agreement  shall inure to the benefit of, and bind, the parties
hereto and their legal representatives,  heirs,  successors and assigns. For the
purpose of this paragraph, "control" means the ownership of at least a numerical
majority of the equity ownership of the Corporation.

         16.  Communications.  All notices and other  communications  under this
Agreement shall be in writing and shall be deemed to have been duly given at the
time when mailed in any United  States post office  enclosed in a registered  or
certified  postage-paid  envelope and addressed as set forth at the beginning of
this  Agreement,  or to such other address as any party may specify by notice to
the other  parties,  or  delivered  by Federal  Express  or a similar  overnight
courier to such address; provided, however, that any notice of change of address
shall be effective only upon receipt.

         17.  Construction;   Counterparts.   The  headings  contained  in  this
Agreement  are for  convenience  only and shall in no way  restrict or otherwise
affect the construction of the provisions  hereof.  References in this Agreement
to  Paragraphs  are to the sections of this  Agreement.  This  Agreement  may be
executed in multiple counterparts, each of which shall be an original and all of
which together shall constitute one and the same instrument.

         18. Governing Law Jurisdiction.  This Agreement and the exhibits hereto
shall be construed in  accordance  with and governed by the laws of the State of
New York without giving effect to that State's conflict of laws  principles.  By
executing  this  Agreement,  the  Corporation  and the  Employee  consent to the
exclusive  personal  jurisdiction  and  venue of the State  and  Federal  courts
sitting in New York  County for any action or  proceedings  arising  out of this
Agreement  or the subject  matter  hereof and the  Corporation  and the Employee
irrevocably waive any defense or claims in any such actions or proceedings based
on lack of personal  jurisdiction,  improper venue,  forum non conveniens or any
similar basis, to the maximum extent permitted by law.

         19. No Third Party  Beneficiary.  No provision in this Agreement  shall
constitute any person or entity a third party beneficiary.  Without limiting the
foregoing, in no event shall any person, other than the parties hereto and their
successors or assigns have any claims for breach of this Agreement.


<PAGE>





         20. Product of Negotiation. The terms of this Agreement are the product
of mutual negotiation and compromise  between Employee and the Corporation.  The
meaning,  effect and terms of this Agreement have been discussed by both parties
with their  respective  counsel and are fully  understood and agreed upon by the
parties  hereto.  In the event of an  ambiguity  in the  interpretation  of this
Agreement  and its  Exhibits,  neither  party  shall be  deemed to have been the
draftsman thereof.



<PAGE>





                  IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the date first set forth above.




                         /s/ Joel Segal

                         WORLDWIDE FOOTBALL MANAGEMENT,INC.


                         By: /s/ Marc Roberts, Chairman of the Board