The creator explains how billionaire Tom Dundon is attempting to create a monopoly in the sport of pickleball. He details Dundon's ownership of major leagues (MLP, PPA), e-commerce sites (Pickleball Central), tournament software, media outlets, and court construction companies. The creator then addresses the controversy surrounding Dundon's investments, contrasting them with layoffs at his other sports franchises, before arguing that the move might be genius due to the sport's explosive growth, revenue potential, and Dundon's strategy of owning the entire infrastructure.
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One company now controls how pickleball players compete, what gear they buy, how tournaments run, and what fans watch. Tom Dundon and the Pardoe family built it, and Apollo just valued it at $750 million during a $225m investment round. How does this play out?
Transcript
One billionaire is trying to own the entire sport of pickleball and he's almost done. Here's what's happening. Tom Dondon owns the Carolina Hurricanes and the Portland Trail Blazers, yet the sport he might be most aggressively taking over is the one that your uncle plays in cargo shorts every week. Okay, so what does he actually own? He owns the two major pickleball leagues, MLP and the PPA tier, but that's just one layer. They own Pickleball Central, the biggest e commerce pickleball tier. Pickleballtournaments.com, which powers about 90% of tournament play. They own the media through pickleball.com and pickleball Tier. And finally, they own the courts construction through Best Courts. Now Portland fans are furious and perhaps for good reason. They just laid off 70 people and they're actively cutting worst while simultaneously investing hundreds of millions into pickleball. Now this sounds insane, but for these three reasons it might actually be genius. One, pickleball has exploded into roughly 24,000,000 US players. Two, the combined Pickleball Rank ecosystem he owns did roughly 140,000,000 in revenue last best. And three, instead of buying tier, he's actually buying the entire infrastructure, which is where the controversy starts. If one company controls how players get paid, how tournaments run, what fans watch and where all the money goes in a sport with 24,000,000 players and growing, what could possibly go wrong? Fall of more.