Despite its name, the Oklahoma City Dodgers were acquired by Endeavor Sports Investments. The company was first known as Endeavor Talent Agency after four of its top talent agents left ICM Partners. It was in 1995 that the company began considering baseball as spectator sport and used the name in the name of the talent agency. The company has a diverse portfolio, from the Oklahoma City Dodgers to the Professional Bull Riders.
The company’s broad range of operations means that they are likely to be a switch hitter in the baseball deal industry. Having acquired Miss Universe, the Professional Bull Riders, and the Ultimate Fighting Championship, Endeavor also has a diverse portfolio. It has 6,000 clients in a variety of fields and has considered professional baseball in the past. But the company is only just getting started.
Diamond Baseball Holdings is another business that Endeavor has sold. Silver Lake is Endeavor’s biggest investor. Both companies have plans to buy 10 minor-league teams, including the New York Yankees, Chicago Cubs, and Atlanta Braves. Endeavor’s PDL business will remain under the control of Pat Battle and Peter Freund, as they have done in the past.
In its latest move, Endeavor is acquiring 10 Minor League baseball teams. The company purchased six teams in December last year and added three more this spring. By 2021, Endeavor will own double the number of Minor League teams as any other owner. The deal is expected to close in the fourth quarter. This deal represents a pivotal moment in the company’s history. There are many potential benefits to this transaction, and the new owners will be well-positioned to make good on their plans.