Major League Pickleball has named its newest team owner, and it’s a major beer brand. The rapidly growing sports league announced on Tuesday that Anheuser-Busch will purchase a Major League Pickleball team. The team will begin playing in the 2023 season.
Did LeBron James buy a pickleball team?
Los Angeles Lakers superstar LeBron James, Warriors star forward Draymond Green and five-time All-Star Kevin Love are investing in Major League Pickleball, the league announced. With new funding, MLP will be expanding from 12 to 16 teams in 2023, playing in six cities nationwide.
How do pickleball teams make money?
There are three major ways pickleball players make money: tournaments, coaching, and sponsorships.
Who owns professional pickleball teams?
Incredibly, three of the four highest-paid American athletes are now Major League Pickleball owners, as fellow NBA star LeBron James, a billionaire, and legendary NFL quarterback Tom Brady, were each announced as owners of other expansion teams earlier this month.
How much is a pickleball team to buy?
What Does an American Pickleball Association Franchise Cost? To buy a franchise with American Pickleball Association, you’ll need to have at least liquid capital of $50,000 and a minimum net worth of $75,000. Franchisees can expect to make a total investment of at least $35,000.
How much does it cost to buy a major league pickleball team?
KD joins fellow sports icons LeBron James and Tom Brady in investing in MLP expansion franchises. The expansion fee for the new franchises is $1 million, according to multiple sources familiar with the deals who were not authorized to speak publicly about them.
Does Tom Brady play pickleball?
Brady has hinted at his retirement in recent months. Tom Brady may or may not have his eye on retirement, but he’s certainly expanding his portfolio of extracurricular interests – this time, putting his cash into pickleball.
How much do pickleball players make a year?
While ZipRecruiter is seeing annual salaries as high as $85,000 and as low as $19,000, the majority of Pickleball Pro salaries currently range between $29,000 (25th percentile) to $52,000 (75th percentile) with top earners (90th percentile) making $80,000 annually across the United States.
Is pickleball a good investment?
By 2030, pickleball is projected to attract an estimated 40 million players across the globe, with even more investors jumping in looking to cash in on the craze. Pickleball has existed since 1965, but it wasn’t until people were looking for a participatory sport during the pandemic that its popularity soared.
What age group plays pickleball the most?
According to the 2022 Sports & Fitness Industry report, more than half (52%) of core players—those who play eight or more times a year—are 55 or older, and almost a third (32.7%) are 65-plus.