Diamond Baseball Holdings, Endeavor and Silver Lake are a few of the names that came to mind when discussing the possible sale of minor league baseball teams. We’ll also talk about plans by Silver Lake to acquire even more minor league teams. In this article, we’ll discuss the latest news on these three entities, as well as the future of MiLB baseball. Regardless of which team you’re interested in purchasing, you should read the full article to get an overview of their plans.
Diamond Baseball Holdings
The private equity firm Endeavor has sold 10 minor league baseball teams to Silver Lake. The sale of Diamond Baseball Holdings is expected to close in the fourth quarter. Endeavor will use the capital from the sale to pay down its debt and will continue to pursue business development with Diamond Baseball Holdings. Latham & Watkins represented Endeavor in the deal. The deal will create approximately 35 to 40 new affiliated minor league baseball teams for Endeavor.
Endeavor
Despite the recent turmoil in the major leagues, it appears that the small market is once again in the ascendant. Last year, Endeavor began buying up minor league baseball teams in conjunction with Silver Lake. Though Diamond Baseball Holdings was technically owned by Endeavor, it wasn’t a separate entity. The transaction came to light when the MLBPA got involved because Endeavor’s sports arm included a baseball agenting business. The baseball association had warned WME agents that they were at risk of losing their MLBPA certification. All major league player agents are certified by MLBPA.
Silver Lake
Endeavor Group Holdings Inc., a global sports and marketing company, has agreed to sell its stake in 10 minor league baseball teams to Silver Lake for $280 million. Silver Lake is a private equity firm that manages $88 billion in assets. The transaction is expected to close in the fourth quarter, and the companies expect to announce other sales within the next year. Endeavor currently owns a variety of companies in various industries, including entertainment, marketing, and sports.
Plans to buy more MiLB teams
Endeavor Sports Investments is in the process of buying nine minor league baseball teams, including the Gwinnett Stripers, the Mississippi Braves, the Rome Braves, the Augusta GreenJackets, the Hudson Valley Renegades, and the San Jose Giants. The sale is expected to be approved by MLB and will make Endeavor the largest MiLB team owner in history.
Impact of sale on players’ contracts
The private equity firm Silver Lake has acquired a stake in the ownership of 10 minor league baseball teams from Endeavor Group Holdings Inc., including affiliates of the Dodgers and Yankees. The transaction, which is expected to close in the fourth quarter, will result in a restructured minor league baseball system. The impact on player contracts will be limited, though.
Impact of sale on stadium
Endeavor has agreed to sell 10 minor league baseball teams to Silver Lake for $280 million. The purchase includes the affiliates of the Dodgers and Yankees. The deal is expected to close during the fourth quarter of this year. Endeavor will use the capital to pay down debt and pursue business with Diamond Baseball Holdings. Silver Lake will run the Atlanta team and continue to work with Endeavor on business development.
Read Also: