An ownership group headlined by 5-time NFL Super Bowl MVP quarterback and entrepreneur Tom Brady and former World No.1 tennis player Kim Clijsters has purchased an expansion team for the 2023 Major League Pickleball (MLP) season.
The group, led by Knighthead Capital Management, LLC, includes co-founder of Knighthead Tom Wagner, acclaimed producer Matt Alvarez, Wall Street bond saleswoman Callie Simpkins, and financial advisor Kaitlyn Kerr, who will serve as General Manager.
“Tom Brady, Kim Clijsters, and Knighthead Capital Management are champions in their fields and will now be champions for Major League Pickleball.” Stated MLP Founder Steve Kuhn. “What really shines through in working with these amazing individuals is their passion for the sport. We are thrilled to welcome them to our unrivaled roster of strategic partners, who are individually and collectively instrumental in helping us elevate professional pickleball, showcase the joy it brings to millions of people around the globe, and further our ’40 by 30′ campaign – our mission to reach 40 million pickleball players by 2030.”
Three-Pronged Growth Plan
The expansion team is a part of a three-pronged growth plan for 2023, which will see 12 teams grow to 16, three events double to six, and player prize money and payouts surpass $2M. MLP is the standard-bearer for pickleball in the United States, delivering the highest-quality and most exciting experience in the sport as well as the largest prize money payouts per event to its players.
“Of course, I’m excited at the investment opportunity,” said Clijsters, the six-time tennis Grand Slam Champion who regularly plays pickleball with Simpkins and Kerr. “But what excites me the most about becoming an MLP owner is that I get to help shape the future of pickleball, a sport I have come to love, with great people – who also happen to be some of my best friends. I’m thrilled to help showcase professional pickleball and make an impact on the sport through my experience gained in the top levels of professional tennis.”
With the investment from Clijsters, Simpkins, and Kerr, the new team will also be 50% female-owned, a testament to the league’s foundational mission of gender equality. MLP is one of, if not the only professional sports league where men and women compete on equal footing. Co-ed teams play two rounds of mixed doubles, in addition to men’s and women’s doubles, and could even have men and women face off against each other in singles in a Dreambreaker™, a unique tiebreaker only found in MLP.
Credibility is Key
The ownership group adds even more credibility to MLP’s already stacked roster of high-profile owners and strategic partners, who offer unparalleled expertise across marketing, media, entertainment, branding, and more.
Other team owners and partners include NBA icons LeBron James, Draymond Green, and Kevin Love, Super Bowl Champion Drew Brees, entrepreneur Gary Vaynerchuk (Gary Vee), famed lecturer and research professor Brené Brown, co-owner of the Milwaukee Bucks Marc Lasry, former World No.4 tennis player James Blake, healthcare executive Molly Joseph, and from Bravo’s Million Dollar Listing New York and Founder and CEO of Serhant, Ryan Serhant.
The 2022 MLP season finale will see 48 players descend on Columbus, Ohio from October 14-16 to compete for the largest single-event prize purse ($319,000) in the history of pickleball, with the winning team taking home $100,000. Fans can attend the event live at Pickle & Chill in Columbus or catch all the action on YouTube globally, MSG Networks in NY, NJ, CT, and PA (group play, quarterfinals and semifinals – Friday-Sunday) and CBS Sports Network (finals – Sunday at 7:30pm ET).
About Major League Pickleball
Major League Pickleball (MLP) is the first of its kind professional team league and the standard-bearer for the fastest-growing sport in the United States. Led by Founder & CEO Steve Kuhn, MLP is committed to perpetuating the sport’s larger role in society and permeating every facet of pickleball’s business, marketing, and community relations. With iconic team owners, a co-ed team format, an innovative draft, easy to understand scoring, groundbreaking broadcast quality, and the highest prize money events in pro pickleball, MLP’s goal is to elevate and grow the sport in everything it does. For more information on Major League Pickleball, visit MajorLeaguePickleball.net and follow Major League Pickleball on Facebook, Twitter, Instagram, TikTok, Pinterest and YouTube.
Founded in 2008, Knighthead is a diversified credit platform which specializes in credit analysis, sourcing, trading, and restructuring. Knighthead has worked to create a stable base of capital to support the business and manages approximately $9 billion of assets across a variety of investment vehicles including a long/short evergreen vehicle, several closed-end credit vehicles, a dedicated Real Estate Lending business and an insurance asset management business. Knighthead has offices in New York, Greenwich CT, and West Palm Beach, FL.
Don’t miss our Bucs vs. Steelers Pregame Show LIVE Sunday Noon eastern on our YouTube channel! Click the link below and Like, Subscribe and hit the notification button!
Follow, Like and Subscribe to Bucs Report
Please take the time to subscribe to the Bucs Report YouTube channel and to the Real Bucs Talk Podcast YouTube channel.
For more on this and everything Buccaneers check back here hourly at BucsReport.com.