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City National

A bank that lent early money to Endeavor's founders.

cnb.com1 source

What was said about City National

  • City National lent Endeavor's founders $1 million with no collateral. Russell Goldman of City National lent the four founders $1 million while their commissions sat in escrow. The loan carried no collateral.

    The money bridged the founders while their earned commissions were held up in escrow.

  • Goldman was repaid years later through a $300 million IMG bond placement. Durban placed about $300 million of IMG bonds, and that deal repaid Goldman.

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