Endeavor Group Holdings has announced plans to buy nine minor league baseball teams, including affiliates of the New York Yankees, Chicago Cubs and St.
Louis Cardinals.The company has created a new subsidiary, Diamond Baseball Holdings, and said it is in “late stage negotiations with a handful of other significant franchises.” Pat Battle and Peter B.
Freund will oversee Diamond Baseball Holdings, Battle as executive chairman and Freund as CEO. Battle is chairman of the board of sports marketing firm Learfield and serves as an advisor to Endeavor across multiple companies.
Freund most recently consulted with Major League Baseball on the creation of the MLB Draft League.The portfolio includes four teams in Triple-A, the highest tier of play:
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