There is a craze sweeping across the entire sports world right now, and its name is Pickleball. Now before you roll your eyes, bear with me for a minute, because it’s not everyday that a new sport appears that your grandparents can’t stop talking about. I have to admit my whole family is wild about Pickleball. It all started when my son learned to play on a cruise with his grandma, came home, and wouldn’t stop talking about it. He taught us all, then before we knew it he was entering Pickleball tournaments and going to Pickleball training camps (yes both of those are real things).
Now there’s news that the two biggest Pickleball leagues are discussing a merger, and there’s big private equity money involved. The PPA Tour and Major League Pickleball are the two leagues discussing a merger, and the deal is backed by “a $50 million investment led by private equity firm SC Holdings, PPA Tour owner Tom Dundon and various MLP owners.” according to an article on CNBC. And before you blow off this news story, and Pickleball as a whole, there are Major League Pickleball teams today that are going for as much as $10 million, when just a year ago the average Millionaire could pick one up for as little as $100,000. Now the likes of Kevin Durant, Lebron James, Tom Brady, and Eli Manning are all Pickleball team owners. Trust me, this is a sport you’ll want to keep an eye on (and give a try).
Major League Pickleball merger with PPA is back on after a falling out threatened the deal