Sport

UFC parent company buys two Yankees subsidiaries.

Initially there will be a maximum of nine minor divisions.

Endeavor, the parent company of UFC, WME and IMG, has formed a new business venture and purchased minor league baseball.

On Wednesday, Endeavor announced the creation of Diamond Baseball Holdings, a new subsidiary that will oversee the acquisition and their management of nine MLB Professional Development League (PDL) Clubs.

According to the release, Diamond Baseball Holdings plans to purchase the following franchises:

  • Iowa Cubs (Chicago Cubs Triple-A branch)
  • Memphis Redbirds (Triple-A branch of the Cardinals of St. Louis)
  • Scranton / Wilkes Barre RailRiders (Triple-A branch of New York Yankees)
  • Hudson Valley Renegades (High-A Branch of New York Yankees)
  • San Jose Giants (Single-A Branch of the San Francisco Giants)

The release also indicates that, pending approval, the team will take control of all four branches of the 2021 World Series champions Atlanta Braves: Gwinnett Stripers (Triple-A), Mississippi Braves (Double-A), ), Rome Braves (High-A) and Augusta GreenJackets (Single-A).

Peter Freund, minority owner of the Yankees and majority owner of the Memphis Redbirds, has been appointed CEO of Diamond Baseball Holdings. He recently worked with the commissioner’s office on the development of the MLB Draft League.

Pat Battle, who is currently Chairman of the Board of Directors of Learfield, has been appointed Executive Chairman of the new venture. He also has ownership rights in two minor league organizations.

“We are excited to lead Diamond Baseball Holdings and create new opportunities for the Clubs and communities that play a vital role in nurturing America’s favorite pastime,” said Battle and Freund. know in the release statement. “We will be global with our ambitions and hyper-local in our approach, and creating great fan experiences will remain our number one priority. In addition, we look forward to providing growth opportunities to the staff of the PDL Club, whose passion and craftsmanship have built the sport over the decades. ”

https://elitesportsny.com/2021/12/08/ufc-parent-company-buying-two-yankees-minor-league-affiliates/ UFC parent company buys two Yankees subsidiaries.

JACLYN DIAZ

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button