Just two months after dolling out a $300 million dividend to its celebrity investors, Endeavor is now seeking to raise $250 million to offset the financial damage caused by the coronavirus pandemic.
As reported by The New York Post, the organization is turning to private equity firm Silver Lake, which already owns 42% of the business, to help it raise the necessary funds.
While both Silver Lake and Endeavor did not comment on the situation, it appears that Silver Lake is seeking out investors willing to inject Endeavor with the necessary cash to continue to operate during the coronavirus pandemic.