• Loading stock data...
Friday, May 17, 2024

Garrett, Scheffler Lead Texas-Sized Pickleball Investment Group

  • Garrett, a recreational pickleball player, believes in the sport's ability to capitalize on its recreational success.
  • Major League Pickleball teams are now individually seeing valuations of $10 million.
Cleveland Browns defensive end Myles Garrett wearing sunglasses on the sideline during a preseason game against the Philadelphia Eagles at Lincoln Financial Field.
Eric Hartline-USA TODAY Sports

Major League Pickleball has landed a new wave of big-name athlete investors.

The Texas Ranchers have announced NFL players Myles Garrett, Micah Parsons, Bijan Robinson, and C.J. Stroud, as well as World No. 1 golfer Scottie Scheffler and ninth-ranked tennis player Taylor Fritz, as new owners. Beside the California native Fritz, all of the athletes have connections to Texas.

MLP teams are now individually seeing valuations of $10 million and over 36 million people played the sport recreationally last year.

Garrett and co. join the high-profile list of pro athlete pickleball investors that includes Tom Brady, Kim Clijsters, LeBron James, Draymond Green, Kevin Love, Naomi Osaka, Patrick Mahomes, Devin Booker, Larry Fitzgerald, and Chris Evert.

Garrett, the Cleveland Browns DE and Arlington native, tells Front Office Sports that he plays pickleball in his home state and in Ohio, and that he believes in the sport’s ability to capitalize on its recreational success.

“You can be playing with your friends, then go home and now you’re chilling watching [the pros] play,” says Garrett. “You’re taking their moves and you’re starting to understand the game. Those things, that’s how every sport promotes itself and grows by just being accessible to a lot of people and to the youth.

“I want to be part of that group that gets better from being able to watch.”

MLP team values have seen a 100x growth over the past two years.

Major League Pickleball Team Values Skyrocket to $10 Million

MLP team values have seen a 100x growth over the past two…
July 7, 2023

It’s not just athletes getting in on the pickleball craze: The Ranchers brought on a variety of over 30 new part-owners in this latest round, including country star Zach Bryan, fashion designer Kendra Scott, and Teqball CEO Ajay Nwosu.

“We’ll probably have over 115 million in reach across all social channels with our ownership group,” Ranchers president and part-owner Evan Floersch tells FOS. “That’s a huge benefit to us as we’re looking to globalize the brand and the sport of pickleball, but you also have to consider that you don’t start big, you start at the local level.

“So giving people relevance and names to follow behind and root for at the ownership level that are local leaders is definitely useful for us.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.
May 9, 2024; Indianapolis, IN, USA; Indiana Fever guard Caitlin Clark (22) stands with the team during the national anthem on Thursday, May 9, 2024, during the preseason game against the Atlanta Dream at Gainbridge Fieldhouse in Indianapolis.

‘Perfect Storm’: The Rise of Local WNBA Broadcast Pacts

With national attention reaching new heights, regional coverage could dictate the future.
Mar 29, 2023; New York, New York, USA; American actors and comedians Chris Rock (left) and Ben Stiller sit court side during the third quarter between the New York Knicks and the Miami Heat at Madison Square Garden.

The Haves and Have-Nots: How the Knicks’ Celebrity Row Works

Unwritten rules, an expectation of quid pro quo, and nothing is free.
May 6, 2023; Miami Gardens, Florida, USA; Red Bull driver Max Verstappen (1) of the Netherlands walks through the garage area following qualifying for the Miami Grand Prix at Miami International Autodrome.

Max Verstappen Is Unstoppable. Is That Hurting F1 With New American Fans?

Formula One could be facing an inevitable plateau in the United States.
podcast thumbnail mobile
Front Office Sports Today

MLB, NBA, NHL Broadcasting Future Goes to Court

0:00

Featured Today

Apr 17, 2024; Tempe, Arizona, USA; Arizona Coyotes left wing Lawson Crouse (67) celebrates after scoring a goal during the third period against the Edmonton Oilers at Mullett Arena.

Everything to Know About the Coyotes’ Second Chance at NHL Life

The clock is ticking in order to restart a Phoenix expansion team.
April 28, 2024

Just Like We Drew It Up? Stadium Renderings Can Excite, Confound, and Anger

During a historic wave of development, drawings wield more power than ever.
The scene in the green room behind the NFL Draft Theater in Detroit on Tuesday, April 23, 2024. Thirteen college players who will be picked in the first round will be waiting in this large room with friends, family, agents and college coaches on Thursday night.
April 27, 2024

More NFL Draft Prospects Are Staying Home, and TV Networks Are Adjusting

Whether making or missing out on millions, more prospects are staying home.
April 21, 2024

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Caitlin Clark Debuts With WNBA’s Most-Watched Game in Decades

The game averaged 2.12 million viewers, the WNBA’s highest since 2001.
May 13, 2024

Rich Running Fan Pays Boston Marathon Winner After Organizers Still Haven’t

The Boston Athletic Association still owes the winner $100,000.
May 15, 2024

Caitlin Clark’s Pro Debut: Inside the Connecticut Casino Pressure Cooker

Clark struggled on the court as the hype exploded off it.
Sponsored

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
May 13, 2024

Bronny James Reportedly Staying in Draft After Medical Clearance

James immediately becomes the draft’s most polarizing prospect.
May 12, 2024

Tiger Woods Is Still Pro Golf’s Top Dog … Off the Course

From Saudi negotiations to TV ratings and apparel, Woods still drives interest.
May 9, 2024

NBA Says Reporter Interaction Factored Into Patrick Beverley Suspension

He’ll sit out four games at the start of next season.
May 9, 2024

How an ‘Extremely, Extremely Rare’ Contract Created the Villanova Knicks

Josh Hart’s second contract was unique in its structure, his agent and an expert say.