This article writer’s assertion in the article title is a bit extreme. Endeavor has amassed a wealth of “best in class” brands and has talented management at every level.
Although cash flow has been negative over the past several years, Endeavor uses its financial acumen and deal making skills to fund these shortfalls.
There is no reason why, if fairly priced by Wall Street, this IPO cannot be extremely successful over the long term. Only time will tell. I am quoted here: