Key facts
- The Premier Lacrosse League (PLL) raised $100 million.
- Ares funds and Joe Tsai led the PLL financing round.
- ESPN participated in the PLL investment.
- Actors Rob Mac and Glen Powell are new investors in the PLL.
- The Professional Jumping League (PJL) raised $50 million (£38 million).
- The PJL's first team was sold to Jason McCarthy.
- Frank McCourt backs the Professional Jumping League (PJL).
- The PJL is a new showjumping competition.
- The PJL is expected to launch next year with 16 teams.
The Premier Lacrosse League (PLL) has announced a significant capital raise of $100 million, led by Ares funds and Joe Tsai. This investment represents the largest sum ever raised in the history of professional lacrosse. The financing round saw participation from existing partner ESPN, as well as new investors including actors Rob Mac and Glen Powell. The funds are expected to fuel the league's growth and development.
In parallel, the Professional Jumping League (PJL), a new showjumping competition backed by Olympique Marseille owner Frank McCourt, has generated $50 million (£38 million) from the sale of its inaugural team. The team was acquired by US investor and racing driver Jason McCarthy. The PJL is slated to launch next year and anticipates having a total of 16 teams. This marks a substantial financial milestone for the nascent league, demonstrating investor confidence in its potential.