Endeavor sells Iowa Cubs to Silver Lake Partners under pressure from MLB

Under pressure from Major League Baseball officials, ownership of the Iowa Cubs changed for the second time in eight months.

Endeavor Group Holdings, a California-based sports, entertainment and marketing conglomerate, announced Tuesday afternoon that the company has sold the Cubs and nine other minor league baseball teams to an investor, Silver Lake Partners.

The sale comes after the Major League Baseball Players Association warned the union would revoke the certification of Endeavor’s talent agency group William Morris Endeavor if the company continues to own clubs, the Athletic reported in January.

The acquisition of the Iowa Cubs and nine other teams had created a scenario in which a single company employed sports agents and owned clubs responsible for developing players for Major League Baseball.

Talent represented by William Morris Endeavor has included Minnesota Twins shortstop Carlos Correa and perennial all-star infielder and designated hitter Alex Rodriguez, a now-retired New York Yankee and current ESPN broadcaster.

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