Endeavor has struck a deal to sell its professional development league business, Diamond Baseball Holdings, to investment firm Silver Lake, Endeavor’s major investor.DBL has been operating under Endeavor “to bring value to local Minor League Clubs affiliated with Major League Baseball through professional management, best practices, innovation and investment,” the company said.
But, “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,” according to President Mark Shapiro.“Silver Lake will be an excellent partner to these Clubs going forward given their deep understanding of the business and their incredible track record of investment in sports IP,” he said.Pat Battle and Peter Freund will continue to lead the PDL business as executive chairman and CEO of Diamond Baseball Holdings, respectively.Diamond Baseball’s ten clubs include: 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); Oklahoma City Dodgers (Triple-A affiliate of the Los Angeles Dodgers).“We look forward to working closely with Silver Lake and continuing the momentum in championing Minor League
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