Florida powerhouse IMG Academy sold for $1.25 billion

One of the country’s best high school football and basketball schools—and really, most all sports—has been sold.

According to a report by Herald-Tribune’s Derek Gilliam,  IMG Academy in Bradenton, Florida, has been sold by Endeavor Group Holdings to private equity group BPEA EQT for a total of $1.25 billion. Endeavor president Mark Shapiro says the school is in good hands.