Superagent Ari Emanuel struggles to dump Miss Universe pageant for $20M: source
Donald Trump in 2015 ahead of his presidential bid.Although the sale price was not disclosed, financial statements related to Trump’s political campaign said the organization was worth between $5 million and $25 million and had $3.4 million in revenue. A person familiar with Miss Universe’s financial situation told The Post the organization — which includes Miss USA and Miss Teen USA events — books $2 million in losses annually, while generating revenue between $7 million and $9 million. Emanuel has been trying to woo foreign investors based in Asia and South America, the sources said. A person familiar with Endeavor’s thinking said in order to offload the asset, the price of Miss Universe may be lowered a little, but not much.The mogul doesn’t like “admitting” he “lost money” on anything, so the price likely won’t be dropped “enough,” the person added. Endeavor declined to comment.A person familiar with the situation said a buyer is interested but declined to provide details.The insider said Miss Universe has been profitable on average since Endeavor bought it — if the pandemic year is stripped out.