Endeavor, the parent company of UFC, WME and IMG, has formed a new business venture and is buying into minor league baseball.
On Wednesday, Endeavor announced the formation of Diamond Baseball Holdings, a new subsidiary that will oversee their acquisition and management of up to nine MLB Professional Development League (PDL) Clubs.
According to the release, Diamond Baseball Holdings plans on buying the following franchises:
- Iowa Cubs (Triple-A affiliate of the Chicago Cubs)
- Memphis Redbirds (Triple-A affiliate of the St. Louis Cardinals)
- Hudson Valley Renegades (High-A affiliate of the New York Yankees)
- San Jose Giants (Single-A affiliate of the San Francisco Giants)
The release also indicates that, pending approval, the group will take control of all four affiliates of the 2021 World Series champion Atlanta Braves: the Gwinnett Stripers (Triple-A), Mississippi Braves (Double-A), Rome Braves (High-A) and Augusta GreenJackets (Single-A).