Ben Johns of the Carolina Pickleball Club rallies the ball during a Major League Pickleball match at Wollman Rink in New York on Sept. 21, 2024.
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Major League Pickleball is on the brink of profitability and is now looking to expand, a league source tells CNBC.
The MLP, which started in 2021, is targeting profitability at the league level by the fourth quarter of this year, according to the source, who spoke on the condition of anonymity to discuss nonpublic matters.
On a team-by-team basis, two of the league’s 22 clubs are profitable and one has reached the breakeven point, the person added. The league is targeting average profitability for individual teams by 2027.
As MLP looks to hit that important benchmark, expansion is now on the table.
For the first time in two years, the league is offering investors the opportunity to get in on America’s fastest-growing sport with the sale of up to…
