Endeavor

Endeavor chief executive Ari Emanuel has led a management buyout of betting and sports data businesses OpenBet and IMG Arena for $450m (€424m), but the latter remains for sale.

Hospitality sales related to the Paris 2024 Olympics helped boost revenues at Endeavor, where sports were the biggest driver of growth across the group in an otherwise mixed third quarter.

Endeavor Group is continuing to streamline its business ahead of being privatised, with the ATP and WTA 1000 tournaments that come under the IMG portfolio officially on the block.

Endeavor Group is to sell three of its major businesses, including the IMG agency, to TKO, the entity it spun off last year to house WWE and UFC and listed on the New York Stock Exchange.

TKO’s preference is for Ultimate Fighting Championship (UFC) to remain on ESPN screens in the US beyond 2025, but the make-up of any new contract is likely to look very different to the existing deal with more fights on network TV targeted.

IMG is currently looking to recruit a vice-president of football in the Americas and a vice-president of rights in Latin America after losing some key experience in the region

Guillermo Santa Cruz and James Tree, two of IMG’s most senior executives in the Americas, are leaving the agency.

PBR's new domestic rights deals with CBS and Merit Street Media will create live weekend viewing slots akin to major league sports and allow the Endeavor-owned property to tap into an audience outside of its core following.

The merging of Endeavor’s OpenBet and IMG Arena has led to a high-profile casualty as Max Wright, who has been with IMG for 11 years, negotiating various betting rights deals with sports bodies, leaves the company.

Endeavor's Owned Sports Properties was the entertainment giant's sole business unit to show revenue growth in the first quarter of 2024, aided by last year's acquisition of WWE, as the wider group swung to a net loss.

Mark Shapiro, president and chief operating officer of Endeavor, has secured a salary increase to $7m (€6.4m) on the back of the agreement struck to take the sports and entertainment giant private.

Endeavor, the sports and entertainment giant that owns the IMG agency and Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) properties, is going private three years after listing on the New York Stock Exchange.

Endeavor, the sports and entertainment conglomerate, is continuing to explore "strategic alternatives” for its publicly listed stock, and as a result will provide no 2024 financial guidance it revealed today (Wednesday).

Endeavor-owned hospitality company On Location has acquired a minority stake in Wiz-Team, the Switzerland-based event and data management technology firm

Silver Lake, the US private equity firm that holds a majority stake in Endeavor, is planning to sell off parts of the sports and entertainment company once it takes the group private

The National Collegiate Athletic Association has agreed a new eight-year domestic and international rights deal with ESPN for 40 of its championships in an agreement worth $920m (€840m).

Endeavor Group, the sports and entertainment conglomerate, has made a major move into chess, announcing a strategic investment into the leading gaming platform for the sport, today (Thursday).

Vince McMahon is planning on selling 8.4 million of his shares in TKO Group, the new Endeavor-owned public company formed by the merger of Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE).