Elon Musk to Join Board of Directors for Endeavor Group
Elon Musk has been chosen to join the board of directors for Endeavor Group, the owning body of live events like UFC, Miss Universe Contest, and New York Fashion Week, among others, according to a filing on Wednesday (via CNBC).
Endeavor Group is now filing to go public for the first time since scrapping its IPO status and 2019, and the group has said that it chose Musk because of his prior experience with public companies.
Endeavor says it plans to add @elonmusk to its board of directors.
Elon & Ari Emanuel. Wonder if the plan is to sell tickets to their board meetings.
— Dan Primack (@danprimack) March 31, 2021
In its IPO filing, Endeavor said, ″Mr. Musk was selected to serve on our board of directors because of his professional background and experience running a public company, his previously held senior executive-level positions, his service on other public company boards, and his experience starting, growing, and integrating businesses.”
While the nomination is a step toward putting Musk on the board, the billionaire entrepreneur must still be elected to Endeavor’s board of directors.
Endeavor Group was founded in part by Ari Emanuel, a well-known agent in Hollywood, who started the group as a talent agency. The brother of Chicago’s 55th mayor Rahm Emanuel, Ari and the Emanuel family go way back with Musk – with Rahm having offered a Boring Company contract to Musk in 2018, and Ari having placed a reservation for Tesla’s original Roadster.
In addition, Musk is frequently featured on the podcast run by Joe Rogan, who is represented by Endeavor and who has worked as a broadcaster for the media group in the past.