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Endeavor Looking to Sell IMG Events Including Miami Open and Madrid Open Tennis Tournaments
Endeavor said it initiated a 'review and potential sale' of certain events in its IMG portfolio, including the Miami Open and Madrid Open.
That came after Endeavor announced a go-private deal this spring with private-equity firm Silver Lake, which is expected to close in the first quarter of 2025. Endeavor’s agreement with Silver Lake includes provisions related to the potential sale of certain businesses, excluding TKO Group and WME. “Endeavor does not intend to comment further regarding the potential sale of its event assets as described herein unless and until it determines that further disclosure is necessary or advisable,” the company stated.
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