Iowa Cubs to be sold to California-based sports-entertainment firm Endeavor
BPC Staff Dec 8, 2021 | 4:39 pm
1 min read time
174 wordsAll Latest News, Arts and Culture, Statewide NewsDes Moines Register: For the first time in over two decades, the Iowa Cubs owners’ suite at Principal Park will have new occupants. Endeavor, a global sports, entertainment and marketing company based in Beverly Hills, Calif., announced today that it is purchasing the longtime Des Moines minor league baseball team, the AAA affiliate of the Chicago Cubs. Terms of the deal were not disclosed. Endeavor is also buying eight other minor league clubs. The sale is a monumental move for the Iowa Cubs, which haven’t undergone an ownership change since Michael Gartner and his associates purchased the team in 1999 from the family of then-owner Ken Grandquist following his death from a stroke. Founded as a talent agency in 1995, the new owner, Endeavor, merged in 2009 with WME, the former William Morris Agency, to form WME. That company in turn purchased IMG, a pioneering sports marketing firm, in 2014, and later restored the Endeavor name. CEO Ariel Emanuel is brother of former Chicago Mayor and Obama White House Chief of Staff Rahm Emanuel.