RE: What if?20 Aug 2019 08:32
Chilston, the BOD are active investors throughout the PF. They help to advise all the companies. Once they can no longer do this, or need to do this and/or are no longer required they cash in their investment.
Leap has reached maturity, now fully integrated within the IMG machine. We know that Endeavor own IMG and we also know that Endeavor is doing a NYSE IPO in Q3, valuing the company in the multi-billions.
The IMG Arena website demonstrates this admirably by describing the 3 (Endeavor, IMG & Leap) as a family group. The interesting point is they are going to keep the Leap brand name, they of course know the value of a brand name.
It is very difficult at this point to see how the BOD can be fully active investors (as described above) and hold 46% whilst having little or no say on future direction, as the journey is now fully mapped out via IMG Arena full integration.
For the FFWD investor the only thing on our minds is...what value Endeavor place on Leap and is this value in line with the BODs valuation?
It will be sold.