Sports Business Journal and The Wrap both obtained financial documents prepared in connection with William Morris Endeavor’s debt offerings, lining up financing for their acquisition of IMG. The transaction is due to close May 1, though the two sources disagree on the actual price (between $2.375 billion and $2.45 billion). The documents provide an interesting look at WME’s operations, as well as its ownership going forward. Their minority private equity backer Silver Lake will own 50 percent of the combined agency (up from 31 percent); WME will own 47 percent, and an Abu Dhabi sovereign wealth fund will hold 3 […]
