Endeavor to Sell Diamond Baseball Holdings to Silver Lake
Retrieved on:
Tuesday, August 9, 2022
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Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, today announced it has entered into a definitive agreement to sell its Professional Development League (PDL) business, Diamond Baseball Holdings (DBH), to Silver Lake, the global leader in technology investing (the Transaction).
Key Points:
- Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, today announced it has entered into a definitive agreement to sell its Professional Development League (PDL) business, Diamond Baseball Holdings (DBH), to Silver Lake, the global leader in technology investing (the Transaction).
- Diamond Baseball Holdings has been operating under Endeavor in its mission to bring value to local Minor League Clubs affiliated with Major League Baseball through professional management, best practices, innovation and investment.
- Under Silver Lakes ownership, Pat Battle and Peter Freund will continue to lead the PDL business as Executive Chairman and Chief Executive Officer of Diamond Baseball Holdings, respectively.
- We look forward to working closely with Silver Lake and continuing the momentum in championing Minor League Baseball, said Pat Battle, Executive Chairman, and Peter Freund, CEO, Diamond Baseball Holdings.