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- Aug 11, 2015
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- 11,144
Seperate owners entirely. That's the way it's been explained to me for years now because it's illegal for an agency to own and operate a school. The only thing shared is the title. Maybe I'm somehow wrong. But Nancy explained it to me that way because originally her and I had discussed a grassroots project where we'd tie in to the school youth football, highschool & a training facility for football,baseball,volleyball & basketball. The end projection was to be able to tie in every stage of their development until they reached professional sports and culminate the relationship by signing them to the agency. She ran it by her lawyers and said they couldn't legally do that because of the youth projects. Before I'm told what a scumbag I am by taking advantage of those relationships I'll clarify it wasn't my idea. It was hers and an investors. I was simply going to be one of the faces to it. Also img endeavors has quite the portfolio. The agency only being one of them. I guess in that sense it is essentially the same face but an entirely seperate company. In the sense of diageo liquors owns a good chunk of the liquor brands on the market, but they are essentially ran as seperate entities with their own boards etc. My parent company (Sony) owns our catalogue (rca/Columbia) but they are all seperate brands. You get the gist.IMG Academy operates as a separate business. However IMG Academy and the Legacy Hotel at IMG Academy are owned by the parent company IMG Endeavor and it's profits are on the IMG Endeavor books. IMG Academy is a subsidiary business of IMG Endeavor.
IMG Academy Successfully Pivots Even As Parent Company Endeavor Struggles
IMG Academy has found success during the pandemic by pivoting, introducing virtual camps and hosting massive events like the WNBA's season.www.sportico.com
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