UK Tax Strategy FY24

This document sets forth Endeavor’s Tax Strategy and approach with respect to the United Kingdom, in compliance with Schedule 19 of the Finance Act 2016. This document is applicable to the legal entities listed in the Appendix.

This Tax Strategy is effective for the year ending 31 December 2024, will be updated as required by the Act, and will remain posted on a website of a member of Endeavor’s tax group, as required by the Act.

Background 

Endeavor is a leader in sports, entertainment, media and fashion, operating in over 30 countries. Endeavor is committed to ensuring compliance with applicable tax laws and regulations in the jurisdictions in which it operates. 

We comply with organizational policies and act within the industry’s ethical and professional standards, as well as comply with recent reporting standards introduced by the OECD. 

We conduct transactions between Endeavor group companies on an arms-length basis and in accordance with current OECD (transfer pricing) principles. We are compliant with county-by-country reporting standards that are shared via an automatic exchange of information. 

We comply with UK’s tax laws including filing of tax returns and remittance of appropriate taxes. 

Our approach to tax planning 

Consistent with its responsibilities under applicable laws (including but not limited to the UK Criminal Finance Act of 2017), and under Endeavor’s Code of Conduct, we are strictly prohibited from engaging in conduct intended to evade taxes or to facilitate any third parties in the evasion of taxes. 

We will not participate in any tax shelter arrangement or any similar tax planning determined to be aggressive. 

We do not engage in artificial or contrived tax arrangements. We adhere to relevant tax law and seek to minimize the risk of uncertainty or disputes wherever possible. 

As a policy, we will not engage in tax planning strategies or take tax positions that would expose Endeavor to unexpected or unwanted financial or reputational risk. Any tax strategies that are implemented reflect commercial reality and adhere to all tax laws and guidelines where Endeavor operates. 

The UK group’s approach to tax risk 

 The Group has little appetite for tax risk and as noted above, continues to operate in a manner which reflects this with respect to both tax planning and tax compliance. 

Our approach towards working with HMRC 

We have an open and on-going relationship with HMRC, interacting with the tax authority primarily through its Customer Compliance Manager. Endeavor values the importance of a cooperative and truthful sharing of information where required by law and continues to work with HMRC as part of the Large Business Directorate to ensure it pays the correct amount of tax at the right time. 

Risk management and governance arrangements in relation to UK taxation 

Endeavor is a public company, with a Board of Directors that includes active members of the company. The Financial Leadership Team, including the Group’s Tax Counsel and led by the Chief Financial Officer, is responsible for Endeavor’s tax profile. In the UK, a dedicated team of appropriately qualified and experienced tax personnel is responsible for the day to day management of tax. The ongoing education and training of tax personnel is encouraged. Advice is sought from external advisors where appropriate. 

Appendix – Companies covered by this Statement 

Aqua Games (UK) Ltd (dissolved 1 October 2024)
BSI Speedway Holdings Ltd (in liquidation)
BSI Speedway Ltd (in liquidation)
Challenger World Ltd 
Cingularity Media Ltd 
Clifford French Ltd 
Cork Street Exhibitions Ltd 
Denmark Street Ltd 
Dice Technology Ltd 
EDH Tennis Limited 
Fighting Family Ltd 
Frieze Events, Inc
Frieze Events Ltd 
Frieze Publishing GmbH
Frieze Publishing Ltd 
Frieze Public Programmes 
IMG Arena UK Ltd 
IMG Data Ltd 
IMG Gaming Data ApS 
IMG Media Ltd 
IMG Sports Media Scotland Ltd 
International Management Group (UK) Ltd 
Montagu Events Limited 
NeuLion Ltd 
NLD-END UK Ltd 
OpenBet Ltd 
OpenBet Retail Ltd 
OpenBet Technologies Ltd 
Pegasus Bridge Features Ltd 
PIMGSA Holdco Limited 
PIMGSA LLP
PWR Events Ltd 
Quintus Events Ltd 
Quintus Group Ltd 
Quintus Management Ltd 
SBI Group Ltd 
Seven League Limited 
Sponsorship Bureau International Ltd 
Sportcast Ltd 
Strive Scandinavia Ltd
Taste Festivals Ltd 
Taste of Christmas Ltd 
Tennis Legends Ltd 
The London Triathlon Ltd 
William Morris Endeavor Entertainment (UK) Ltd 
World Wrestling Entertainment (International) Limited 
WWE UK Holdings Ltd 
Zuffa UK Ltd