Key facts
- The Professional Jumping League (PJL) has raised $50 million (£38 million) from its first team sale.
- US investor and racing driver Jason McCarthy purchased the team.
- The PJL is backed by Olympique Marseille owner Frank McCourt.
- The league is expected to have 16 teams.
- The PJL is scheduled to launch next year.
The Professional Jumping League (PJL), an initiative supported by Frank McCourt, the owner of Olympique Marseille, has successfully raised $50 million (£38 million) through the inaugural sale of a team. The buyer is US investor and racing driver Jason McCarthy, who has acquired a stake in the new showjumping competition. The league is projected to feature a total of 16 teams upon its official launch, which is scheduled for next year. This transaction represents a substantial financial injection and a key development for the PJL as it moves towards its debut season.