Michaela Zee editorEndeavor has set a deal to sell its Diamond Baseball Holdings company to private equity firm Silver Lake, which is the majority owner of Endeavor.Under Endeavor, DBH owned and operated select local Minor League Clubs associated with Major League Baseball.
DBH has acquired 10 clubs to date, including Iowa Cubs (Triple-A affiliate of the Chicago Cubs); Memphis Redbirds (Triple-A affiliate of the St.
Louis Cardinals); Scranton/Wilkes Barre RailRiders (Triple-A affiliate of the New York Yankees); Hudson Valley Renegades (High-A affiliate of the New York Yankees); San Jose Giants (Single-A affiliate of the San Francisco Giants); Gwinnett Stripers (Triple-A affiliate of the Atlanta Braves); Mississippi Braves (Double-A affiliate of the Atlanta Braves); Rome Braves (High-A affiliate of the Atlanta Braves); Augusta GreenJackets (Single-A affiliate of the Atlanta Braves); and Oklahoma City Dodgers (Triple-A affiliate of the Los Angeles Dodgers).
On Tuesday, Endeavor announced the sale and said it was a matter of internal priorities for the company that has a wide range of media, sports, fashion, art and talent representation operations under its roof.“Ultimately our relationship with MLB and the MLBPA took priority given the importance of our overall agency business and our continued investment in our baseball representation practice within WME Sports,” Endeavor president Mark Shapiro said.
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