Endeavor, Silver Lake looking to buy Minor League Baseball teams: Sources - The Athletic

Endeavor, a global sports and entertainment company, and Silver Lake, its private equity investor, are in talks to buy up to a dozen Minor League Baseball teams, sources tell The Athletic. The group is looking to add 40 or more of MiLB's 120 teams over time, sources added, though they may not necessarily reach that goal.

“Endeavor and Silver Lake are … going around to all of the teams, the Dodgers, the Cubs, the Red Sox, Yankees, everyone, offering incredible value," a baseball industry source said.

The potential sales could bring concerns for both minor league owners and municipalities. They may also create an issue for the Major League Baseball Players Association to address, as Endeavor also represents baseball players.

It is the most significant financial development since MLB restructured MiLB in 2019, reducing the number of teams by 40, or 25 percent, and centralizing MLB control. MiLB is largely a collection of separate, hyper-local businesses — at least for now. Endeavor is interested in marketing MiLB nationally and possibly adding a streaming platform where all minor-league games are available.

Endeavor and Major League Baseball declined to comment. MLB must approve any minor-league ownership transfer.

For more on Endeavor's interest in MiLB, you can read The Athletic's full story in the Go Deeper section below.

(Photo: Scott W. Grau / Icon Sportswire via Getty Images)

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Endeavor, Silver Lake looking to buy Minor League Baseball teams: Sources - The Athletic
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