Endeavor, the massive sports and entertainment agency, bought up a bunch of minor league baseball teams last year as MLB was pulling off its massive farm system reorganization (some would say destroying it). And now it has divested itself of them due to pressure from the MLB players association.
Under pressure from the Major League Baseball Players Association, the sports and entertainment agency Endeavor has sold its stake in 10 minor league teams to one of the agency’s investors, the private equity firm Silver Lake.
The $280 million sale of Diamond Baseball Holdings to Silver Lake was announced Tuesday.