Major League Pickleball merger with PPA is back on after a falling out threatened the deal

Major League Pickleball merger with PPA is back on after a falling out threatened the deal


Lacy Schneemann of the Florida Smash returns a shot during a group play Major League Pickleball match against BLQK at Pickle & Chill on October 15, 2022 in Columbus, Ohio.

Emilee Chinn | Getty Images

After weeks of drama in professional pickleball, the PPA Tour and Major League Pickleball have again agreed to merge, the leagues said Wednesday.

The combination is backed by a $50 million investment led by private equity firm SC Holdings, PPA Tour owner Tom Dundon and various MLP owners.

“As professional pickleball continues to rapidly grow, we could not be more excited to provide both players and fans with the clarity and consistency of a unified professional pickleball organization,” Major League Pickleball founder Steve Kuhn said in a statement.

The merger agreement was first announced in November. But in recent weeks, the MLP and PPA had a major falling out after the agreed upon merger terms still hadn’t been finalized.

The two competing leagues have been chasing the top players in the world in a spending war, signing them to contracts to play in their own respective leagues.

“This merger will expand and improve opportunities for current and future players, creating a united experience and a better future playing professional pickleball,” Kuhn said.

The sport of pickleball has seen unprecedented growth in the past couple of years at both the amateur and professional level. More than 36 million people played pickleball in 2022, as courts are popping up all over the country. On the professional level, Major League Pickleball teams values have skyrocketed, with some teams going for $10 million.

Dundon said the new holding company will help streamline the sport on issues from competition to broadcasting rights and sponsorship.

The PPA Tour is a bracket-style tour format, while the MLP is a coed, team-based league. Major League Pickleball owners include many high profile athletes from LeBron James and Kevin Durant to Tom Brady and Patrick Mahomes.

Under the merger, the organizations said fans can watch both formats of individual and team play under the same umbrella. The combined leagues will consist of 150 of the leading players in the world.

“Over the past few years, we have seen ever-increasing interest from investors, sponsors, fans and players who understand the immense value in the future of professional pickleball,” said Dundon.



Source

Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team
Business

Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team

Alexis Ohanian, Principal Owner, Angel City Football Club & Los Angeles Golf Club, looks on during a conversation with Olympic sprinter Gabby Thomas during the Business of Women Sport Summit presented by Deep Blue Sports and Axios at Chelsea Factory on April 23, 2024 in New York City.  Elsa | Getty Images Reddit co-founder Alexis […]

Read More
Netflix says its ad tier now has 94 million monthly active users
Business

Netflix says its ad tier now has 94 million monthly active users

Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November. The company and its peers have been increasingly leaning on advertising to boost the profitability of their streaming products. Netflix first introduced the ad-supported plan in […]

Read More
WBD is renaming streamer Max as HBO Max, again
Business

WBD is renaming streamer Max as HBO Max, again

Scene from season 3 of White Lotus. Source: HBO HBO became HBO Max became Max. Now, it will be HBO Max once more. Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a name it ditched just two years ago. The company announced the rebranding Wednesday during its upfront presentation in […]

Read More