The Premier Lacrosse League (PLL), a company which aims to bring the sport of lacrosse to a national stage through a tour-based model, closed a Series A funding round of undisclosed amount.
The round was led by Alibaba Group Holding Ltd. billionaire Joe Tsai, via J Tsai Sports, an owner of the San Diego Seals in the National Lacrosse League, a 49% owner of the Brooklyn Nets in the National Basketball Association, and owner of the New York Liberty in the Women’s National Basketball Association, with participation from Hildene Capital founder and co-CIO Brett Jefferson, and the Raine Group.
The company intends to use the capital to fund future league operations, team and player-focused original programming, and executive team expansion.
Co-founded by Paul Rabil, lacrosse’s most high-profile player, and his brother Michael Rabil, a former football player at Dartmouth, who serves as the company’s chief executive officer, The Premier Lacrosse League (PLL) brings the sport of lacrosse to a national stage through a tour-based model, complete with the best players the sport has to offer. The PLL season will begin in June 2019, with six teams, embarking on a 14-week season that concludes with a playoff and PLL championship game. The season will be distributed through an exclusive media-rights agreement with NBC Sports Group.
Other investors in the company include Creative Artists Agency (CAA), The Chernin Group, and Blum Capital.