Overview
- Ohanian and his firm Seven Seven Six will head the ownership group for LOVB Los Angeles, the league’s seventh franchise scheduled to debut in January 2027.
- LOVB said he paid an expansion fee and invested in the league, but financial terms were not disclosed and a home venue has not been announced.
- The league opened its pro season this year with six teams and leverages a youth network of roughly 25,000 athletes for revenue, infrastructure and talent development.
- LOVB cites national media traction, with deals involving ESPN and Versant and, per Sportico, USA Network carriage beginning January 2026, alongside sponsors such as Skims and Adidas.
- Reporting on LOVB’s fundraising differs, with CNBC citing more than $160 million while Sportico has reported $100 million, as a rival Major League Volleyball effort targets a 2026 launch.