Industry News

Blog

Pickleball court net

Big Moves in Pro Pickleball: New Investors Join AZ Drive with $10M+ Deal

Big news in the world of pro pickleball! A group of investors has purchased a controlling stake in Arizona-based MLP team AZ Drive, valuing the franchise at over $10 million.

The new ownership group includes Charles Darling and Tim Fyke of Proton Sports, NFL legend Jack Plummer, and financial pro Jeff Tsao. They join existing owners like Larry Fitzgerald, Oz Pearlman, Magnus Carlson, and Doug Hirsch.

Proton Sports, makers of pickleball paddles, is the latest brand to invest in MLP, joining big names like Anheuser-Busch and Lotto. The league has seen incredible growth, generating $50M in revenue in 2024, and more than 75 celebrity investors are involved across 22 franchises.

Exciting things ahead for MLP, with the 2025 season kicking off in Orlando on April 24th! Invest in your own Odyssey Pickleball franchise by contacting Steven Ungar, President, Odyssey Pickleball at steven@odysseypickleball.com

Read the full article at SportsPro.

Major League Pickleball team valued at US$10m following stake sale

you may also like

Grantchester News

Grantchester Group Announces Additional Investment in Maxwell Technologies

May 8, 2025 FOR IMMEDIATE RELEASE SAN DIEGO, Calif. – May 8, 2025 – Grantchester Group, a…

The Health Perks and Precautions of Pickleball

Pickleball: A Comprehensive Look at Its Health Benefits and Injury Prevention Introduction to Pickleball Pickleball is a…

Private equity investments

Private Equity Firms Sustain Strong Acquisition Activity as IPO Market Stalls

Despite continued market turbulence and a weak IPO environment, private equity (PE) firms remain active buyers of…

Surge in FDA-Approved AI Medical Devices Signals a New Era in Healthcare Innovation

The number of FDA-authorized medical devices using artificial intelligence (AI) has surged over the past decade, reaching…