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Prep sports powerhouse IMG Academy to be sold for $1.25 billion: What does it mean long term?

2023-04-25  Walker Anderson

IMG Academy, the Florida boarding college which has actually educated countless professional athletes that have taken place to college and pro fame in football, basketball, baseball, golf, tennis as well as football, is being marketed to the exclusive equity group BPEA EQT for $1.25 billion, the institution's previous proprietor Endeavor announced on Tuesday.

Here’s what you need to know:

  • As part of the deal, IMG, which houses more than 1,400 students on its 400-acre campus each year, is partnering with Nord Anglia Education, which operates 82 boarding schools across 33 countries, including some in Asia. Those schools will have access to IMG’s sports curriculum.
  • From an athletics standpoint, nothing is expected to change in terms of day-to-day operations and setup at IMG’s Bradenton, Fla., campus.
  • “Our purpose is to empower student-athletes to win their future, preparing them for college and for life. We are constantly trying to raise the bar in pursuit of that purpose through our on-campus and online experiences. Simultaneously, our staff is passionate about growing the impact we have on the world, reaching more families, and helping them on their journey,” Brent Richard, president of IMG Academy, said in a statement. “BPEA EQT and Nord Anglia are ideal partners to achieve and accelerate those goals, and we are excited for that future.”


What does this mean for IMG Academy long term?


The institution, established in 1978 by the late Nick Bollettieri as a tennis academy, has placed over 30,000 pupils on university rosters via 2022 and continuously draws in top-tier professional athletes to its exclusive campus and also centers. The football program's 2024 recruiting class is anchored by six top-100 employees in the 247Sports Compound, led by five-star cornerback Ellis Robinson IV (a Georgia dedication), five-star defensive electrician David Rock (an Oklahoma native) as well as five-star running back Jerrick Gibson (that played his first 2 years of high school football in Georgia).

2023-04-25  Walker Anderson