Endeavor has struck a deal to sell its professional development league business, Diamond Baseball Holdings, to investment firm Silver Lake, Endeavor’s major investor, for $280 million.
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.