Overview
- Pickleball Inc., which secured a $225 million structured investment Friday, becomes the new parent of the Carvana PPA Tour and Major League Pickleball.
- Tom Dundon and the Pardoe family remain majority owners, with Dundon’s assets Pickleball Central, PickleballTournaments.com, and Just Courts rolling into the company.
- Company leaders say the funding will unify pro and amateur play into one ecosystem and drive expansion in content, media, and event infrastructure.
- The combined business reported more than $140 million in 2025 revenue, with CBS broadcasts recently setting all-time viewership marks for both the PPA Tour and MLP.
- CNBC reported a $750 million valuation and $315 million in total investment based on an unnamed source, figures the company has not confirmed.