On September 21, 2024, in the U.S. Professional Baseball Grand League in Wollman, New York, Ben Johns of the Corolina Pickled Ball Club summoned in the kimchi contest of the Grand League. The ball.
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Alliance sources told CNBC that the kimchi game of the American Professional Baseball League is on the verge of profitability and is now seeking expansion.
According to sources, MLP, the initial initial of 2021, targeting alliance -level profitability, by the fourth quarter of this year.
The person added that according to the team’s gradual team, two of the 22 clubs in the league are favorable, and one has reached a position of profit and loss. By 2027, the alliance will target the average profitability of a single team.
Since MLP hopes to reach an important benchmark, it is now expanding on the table.
Sources said that in the past two years, the league has provided investors for the first time to provide an opportunity to participate in the fastest development of the United States by selling up to two extended franchise rights. With the increase in sports valuations in recent years, the entrance point of professional kimchi is more affordable for many investors.
According to alliance sources, it is not clear that the goal of a new team is currently clear, but the goal of the league is $ 15 million per team. On Thursday, Arizona Drive announced that it is selling control shares In the team, a transaction value of up to 10 million US dollars.
If a transaction of the expansion team is indeed reached, the new owner will determine the location of the team. Sources said that in the past two weeks, nearly 20 political parties have expressed their interests, and franchise rights are still high.
The new ownership will increase the alliance from 22 to 24 teams, and will be fair in the parent company joint kimchi association; 100 % of the team’s equity; according to the alliance sources, DUPR’s equity is a rating system for kimchi. This idea is to launch a new team in time in the 2026 season.
In the speeches of investors seen by CNBC, the alliance touted the opportunity to invest in asset movement with double -digit annual growth, and was able to sponsor, hold additional income opportunities in activities and local activation.
The speech said: “This is a generation of people, to participate in a necessary successful movement as soon as possible.”
On September 21, 2024, in the U.S. Professional Baseball League (Prokleman) competition held in Wollman in New York, Anna Leight Waters of the New Jersey Pentagon in New Jersey was in the Grand League The kimchi game was summoned.
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The parent company of the American Professional Baseball and the parent company of the Professional Kimchi Association United Pickleball was established in February The merger of the league that once competedEssence The transaction also includes $ 75 million in external investment from private equity, Tom Dundon, a PPA tourist owner Tom Dundon, Pardoe Family, and the existing MLP team owner.
UPA consists of 36 PPA and MLP events on the three continents. This is the only professional sports alliance in the United States with live broadcast and activities throughout the year.
Since the merger, the alliance has stated that it has increased, sponsorship, and even players’ salaries.
However, cash flow has always been a problem. In January, CNBC obtained a memorandum from the league, requiring a $ 10 million bridge loan “to maintain its growth trajectory while managing short -term cash demand.”
In the memorandum, the alliance stated that by 2025, there were 2 million to 4 million US dollars in cash on the balance sheet, but they sought loans due to the rated loan of the player contract and paid in January and April 2025.
The Alliance announced in December that in 2024, the average salary of the PPA Tour and the American Professional Baseball League was $ 260,000. This is more mature than WNBA and NWSL.
The alliance has attracted A-List celebrities, such as Patrick Mahomes, LeBron James, Kevin Durant and Heidi Klum.
According to “Pickleball” in the past three years, the participation has increased by 223 % in the past three years Sports and Fitness Industry AssociationEvery age, people will see the rise of leisure players.
