Racket Sports Briefing No. 36
WORTH A READ
The Picklr's Corporate Office Is Reportedly In Trouble. Here's What's Actually Confirmed.
A closed Round Rock club, layoff posts, and an FDD warning about the franchisor's own finances are real, but the bankruptcy talk on Reddit isn't, at least not yet… read more.
A The Picklr Owner Just Tore Down The Sign And Cut Membership Prices
Ted Guggenheim says he was losing money as a franchisee, so his club is now The Grove Pickleball, and memberships drop from $225 to $195 a month… read more.
The WTA Is Moving Its Headquarters And Its Finals To Charlotte
A year after cutting its Riyadh deal short, the tour leaves St. Petersburg and puts the Finals in the Hornets' arena from 2027 through 2029… read more.
The PPA Tour Just Took Over A Complex That Went Bankrupt With $366M In Debt
The Mesa site sold out of Chapter 11 for $25.8M, drew 2.8 million visitors last year, and now becomes the PPA Campus under a deal that runs for decades… read more.
Denver Just Got Another Padel Club, And It Signed 130 Members In Weeks
Arenna Padel spent $1.2M putting six indoor courts into 25,000 square feet in Sun Valley and is already talking about more clubs in Colorado and Texas… read more.
Mark Zuckerberg Picked Up A Padel Racket, And He Already Has A Pickleball Court At Home
No investment announced, just a photo, but he'd been talking to Playtomic's founders before he ever played… read more.
The Davis Cup Finally Has A Presenting Partner Again, Four Years After Rakuten Left
Generali adds "Davis Cup by Generali" to a tennis portfolio that already includes Kitzbühel, Monte Carlo and padel's Hexagon Cup… read more.
One Owner, Three Clubs, Three Completely Different Problems
Pickleball Euphoria bought its 23-court Louisville complex outright and found out it was now in the tennis business too, while its Indiana dome fights noise and humidity… read more.
The Laver Cup Hits London This Weekend, And You Can Still Get In For $85
Alcaraz and Zverev lead Yannick Noah's Team Europe against Andre Agassi's Team World at The O2, with hospitality packages topping out at $2,325… read more.
WORTH A LISTEN
Is The Pickleball Facility Boom Over?
Same week a Picklr franchisee walked, and the franchisor's finances made headlines, the question owners and investors are asking out loud… listen.