SOLD
Premier Lacrosse League Secures $100 Million Series E Funding From Ares And Joe Tsai
Building Size
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Asset Type
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Closing
Jul 3, 2026
AI
The Premier Lacrosse League (PLL) has closed a $100 million Series E funding round, the largest capital raise in professional lacrosse history. This funding round was led by Ares and Joe Tsai, with additional investments from ESPN and several high-profile athletes and entertainers. The proceeds from this round will support expanded media distribution, sponsorship growth, investment in the Women's Lacrosse League, and broader youth lacrosse access as the sport builds momentum ahead of its return to the Olympics at LA28.
Summary of transaction details:
- Deal Type: Series E
- Transaction Amount: $100,000,000
- Company Headquarters: New York City, New York
- Founders: Paul Rabil & Mike Rabil
- Notable Investors: Ares, Joe Tsai, ESPN, Glen Powell, Rob Mac, Warren Zeiders, Tony Cavalero, Creator Sports Capital, Next 3, FirstTracks Sports Ventures, Jed Hart, West End Investment Management, James Young, Bolt Ventures, Chris Shumway
Mike Rabil serves as the Co-Founder and CEO of the PLL. The funding will help strengthen the league's infrastructure, grow the professional ecosystem, and introduce lacrosse to a new generation of fans and athletes worldwide.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93