Endeavor Considers Selling Miami and Madrid Open Tournaments, Frieze Art Fair

The potential sale follows a strategic review of IMG events amid Endeavor's transition to a private company.

Endeavor has initiated a review to explore selling certain IMG portfolio events, including the Miami Open, Madrid Open, and Frieze art fair.
The review comes as Endeavor prepares to go private in a $13 billion deal with Silver Lake, expected to close in early 2025.
Endeavor has engaged The Raine Group to assist with the exploratory sales process, which currently has no set timetable.
The potential sale excludes TKO Group Holdings and WME, which are not part of the assets under consideration.
Despite the sale exploration, Endeavor highlights the significant growth and success of the Miami and Madrid Opens and Frieze under its ownership.