Senior Pickleball Report

Avenue Sports Fund Invests in CityPickle, Supporting Growth of Leading Lifestyle Brand Providing Pickleball in Urban Settings

Published

10 months ago

July 21, 2024

CityPickle to Expand Pickleball Club Concept Combining Indoor Courts with Full Bar and Restaurant and Activations in Iconic Public Spaces

NEW YORK /PRNewswire/ — The Avenue Sports Fund today announced it has made a significant minority investment in CityPickle, the urban home for pickleball. The new capital will support CityPickle’s plans to expand the locations of its permanent, indoor pickleball club concept in addition to strategic activations at iconic landmarks in metropolitan areas.

Pickleball has been the fastest-growing sport in the United States over the past four years. According to estimates, nearly 40 million people nationally have played pickleball at least once in the past 12 months. CityPickle focused initially on New York City and the Greater New York market, where research suggests 5 to 6 million people played pickleball in 2023, despite limited supply for courts.

Co-founded by two female entrepreneurs, Mary Cannon and Erica Desai, in the summer of 2021, CityPickle is addressing the supply-demand imbalance for courts in dense urban areas by building pickleball clubs that combine indoor, bookable courts with a full bar and restaurant—making it the ideal destination to spend quality time with friends, colleagues, and family. The brand also installs seasonal courts at high-profile locations. CityPickle offers a variety of playing options to book, including: court reservations, clinics, open play, one-on-one coaching, private and corporate events.

In fall 2023, CityPickle opened its first permanent pickleball club in Long Island City, New York and is the seasonal partner of Wollman Park Partners, which operates the iconic Wollman Rink in Central Park. CityPickle at Wollman Rink is the largest pickleball installation in the Northeast with 14 permanent courts, providing 182 hours of play a day. CityPickle operates other seasonal pickleball experiences including a seven-court, indoor location at Brooklyn’s Industry City in addition to activations at Hudson Yards, Union Square Park, and Philadelphia’s City Hall. In June 2024 it was announced CityPickle has been selected by NYC Parks to revitalize Anchorage Plaza, the 60,000 square foot space under Brooklyn Bridge, with pickleball courts, public art, community programming, food trucks and more and will debut in Spring 2025.

“There is a significant opportunity to provide permanent and pop-up pickleball locations to service the growing and passionate demand for this sport,” said Marc Lasry, Avenue Capital’s Chairman, CEO and Co-Founder. “CityPickle, led by co-founders Erica Desai and Mary Cannon, has established a special brand that is relevant to urban locations nationwide. We are excited to join with the CityPickle team to support its expansion strategy.”

“We are thrilled to have the Avenue Sports Fund join our team at CityPickle as we further our mission to spread the joy and community of pickleball in New York City and other metropolitan areas,” said Mary Cannon, CityPickle Co-founder. “We’ve experienced an overwhelming demand for more access to pickleball and are looking forward to expanding our ability to offer a best-in-class experience to the rapidly growing player population alongside our new partners at Avenue Sports Fund,” added Erica Desai, CityPickle Co-founder.

About Avenue Sports Fund
Launched in 2023, Avenue Sports Fund provides capital solutions to a wide variety of established teams and leagues across the globe, as well as investments in emerging sport properties to capitalize on areas of exponential growth. The Sports Fund also invests in sports-related media and entertainment rights, real estate, and other adjacent businesses. Avenue Sports Fund, led by Marc Lasry, is a fund of Avenue Capital group, a global investment firm focused on making opportunistic credit and other special situation investments across the United States, Europe, and Asia. Avenue, founded in 1995 by Mr. Lasry and Sonia Gardner, draws on the skills and experience of over 60 investment professionals and more than 180 employees operating from its headquarters in New York and offices in Europe, Asia and Abu Dhabi. Avenue has assets under management of approximately $12.5 billion.

About CityPickle
CityPickle is the urban home for pickleball. CityPickle opened its first, permanent pickleball club in Long Island City in 2023, which combines indoor, bookable courts with a full bar and restaurant, making it the ideal destination to spend quality time with friends, colleagues and family. CityPickle is also Wollman Rink in Central Park’s official seasonal partner where it operates the largest pickleball installation in the Northeast with 14 permanent courts and 182 hours of play a day. CityPickle operates other seasonal pickleball experiences like a seven-court, indoor location at Brooklyn’s Industry City in addition to activations at Hudson Yards, Union Square Park, and Philadelphia’s City Hall. CityPickle will continue to partner with high-profile destinations in cities as it strategically develops new club locations.

SOURCE Avenue Capital Group

Uncle Julio Takes Us On A Journey: A Heartfelt Episode of People of Pickleball

https://stmdailynews.com/uncle-julio-takes-us-on-a-journey-a-heartfelt-episode-of-people-of-pickleball/

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Senior Pickleball Report

Sleeves Tells Us The Best Way to Begin a Pickleball Point!

The Senior Pickleball Report emphasizes the importance of preparation for consistent performance in pickleball. It offers resources and updates for the senior pickleball community.

Published

3 weeks ago

May 4, 2025

Michael J Sliwa

Our latest episode of the Senior Pickleball Report

To gain consistency we must look at what we do and how we prepare prior to a point being played.

Nadal Link:
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Sleeves Tells Us The Best Way to Begin a Pickleball Point!
The Senior Pickleball Report emphasizes the importance of preparation for consistent performance in pickleball. It offers resources and updates for the senior pickleball community.
Fifty Dollar D.I.Y. Pickleball Court?
The latest chapter of the Senior Pickleball Report presented to you by Mike Sleeves Sliwa… Get the latest updates and information on the rapidly growing sport of pickleball, specifically designed for the senior community aged 50+. Check out Sleeve’s Senior Pickleball Report on YouTube to stay informed and up-to-date with the ever-changing world of pickleball.… Read more: Fifty Dollar D.I.Y. Pickleball Court?
Unmasking the Deception: The $300 Million Fraud Case Surrounding Arizona Athletic Grounds
Randy and Chad Miller face serious fraud charges after allegedly defrauding investors out of $300 million in their failed sports complex, revealing a cautionary tale for investors.
“Sleeves Senior Pickleball Report: Hive 16mm Paddle Review”
Get the lowdown on the latest episode of Sleeves Senior Pickleball Report, featuring an in-depth review of the Hive 16mm paddle from Reign and Win.
Dreambreaker: A Pickleball Story Premieres April 11 on truTV
Excitement is building for pickleball fans and sports enthusiasts alike as the highly anticipated documentary Dreambreaker: A Pickleball Story is set to premiere on April 11, 2025, on truTV. This film captures the thrilling evolution of pickleball from a casual pastime to a burgeoning professional sport, offering an inside look at a fierce power struggle… Read more: Dreambreaker: A Pickleball Story Premieres April 11 on truTV

Get the latest updates and information on the rapidly growing sport of pickleball, specifically designed for the senior community aged 50+. Check out Sleeve’s Senior Pickleball Report on YouTube to stay informed and up-to-date with the ever-changing world of pickleball. Join the community and stay ahead of the game.

https://sleeves-spr.com/

Dreambreaker: A Pickleball Story Premieres April 11 on truTV

Dreambreaker: A Pickleball Story Premieres April 11 on truTV

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Senior Pickleball Report

Fifty Dollar D.I.Y. Pickleball Court?

Published

3 weeks ago

May 2, 2025

Michael J Sliwa

The latest chapter of the Senior Pickleball Report presented to you by Mike Sleeves Sliwa…

Sleeves Tells Us The Best Way to Begin a Pickleball Point!
The Senior Pickleball Report emphasizes the importance of preparation for consistent performance in pickleball. It offers resources and updates for the senior pickleball community.
Fifty Dollar D.I.Y. Pickleball Court?
The latest chapter of the Senior Pickleball Report presented to you by Mike Sleeves Sliwa… Get the latest updates and information on the rapidly growing sport of pickleball, specifically designed for the senior community aged 50+. Check out Sleeve’s Senior Pickleball Report on YouTube to stay informed and up-to-date with the ever-changing world of pickleball.… Read more: Fifty Dollar D.I.Y. Pickleball Court?
Unmasking the Deception: The $300 Million Fraud Case Surrounding Arizona Athletic Grounds
Randy and Chad Miller face serious fraud charges after allegedly defrauding investors out of $300 million in their failed sports complex, revealing a cautionary tale for investors.
“Sleeves Senior Pickleball Report: Hive 16mm Paddle Review”
Get the lowdown on the latest episode of Sleeves Senior Pickleball Report, featuring an in-depth review of the Hive 16mm paddle from Reign and Win.
Dreambreaker: A Pickleball Story Premieres April 11 on truTV
Excitement is building for pickleball fans and sports enthusiasts alike as the highly anticipated documentary Dreambreaker: A Pickleball Story is set to premiere on April 11, 2025, on truTV. This film captures the thrilling evolution of pickleball from a casual pastime to a burgeoning professional sport, offering an inside look at a fierce power struggle… Read more: Dreambreaker: A Pickleball Story Premieres April 11 on truTV

Sleeve’s Senior Pickleball Report

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Unmasking the Deception: The $300 Million Fraud Case Surrounding Arizona Athletic Grounds

Randy and Chad Miller face serious fraud charges after allegedly defrauding investors out of $300 million in their failed sports complex, revealing a cautionary tale for investors.

Published

1 month ago

April 14, 2025

Rod Washington, Michael J Sliwa

fraud — A huge sports facility illuminated by the light of sunset. Created by AI

In a tale that intertwines ambition with deceit, the shocking story of Randy and Chad Miller, the father-son duo behind what was once touted as the largest sports and entertainment complex in the United States, has taken a dark turn. Opening the sprawling Bell Bank Park—which boasts an impressive 194 fields and courts—in East Mesa just three years ago, the Millers had big dreams. But now, they find themselves embroiled in a federal indictment that claims they defrauded investors out of nearly $300 million.

A Grand Vision Becomes a Nightmare

The original vision for the sports complex, which has since been rebranded as Arizona Athletic Grounds, was ambitious. Randy Miller, the mastermind behind the project, had long dreamed of creating a hub for sports and entertainment that would attract families, athletes, and fans from across the nation. After years of planning and investment, the facility finally opened its doors, seemingly fulfilling a lifelong dream.

However, dreams of grandeur have turned into a nightmare, as the Millers face serious allegations of using the facility as a front for an elaborate fraud scheme. With the company declaring bankruptcy in 2023—reporting debts of a staggering $366 million—investors and stakeholders are left reeling.

The Allegations: A Web of Fraud and Deceit

According to the federal indictment, Randy and Chad Miller allegedly enriched themselves at the expense of investors, using funds raised from municipal bonds for personal luxuries rather than for the intended purpose of constructing and operating the sports complex. The FBI claims they employed fraudulent documents and misrepresented the financial viability of the project to lure in unsuspecting investors.

From lavish purchases of luxury vehicles to alleged misappropriation of funds for personal expenses, their actions paint a picture of greed and entitlement. Not only did the Millers reportedly pay themselves significantly beyond disclosed salaries, but they also misled investors with false financial projections and forged documentation purporting to show interest from customers.

A Cautionary Tale for Investors

This case serves as a cautionary tale about the complexities of investing in large-scale projects. The Millers poured their aspirations into the Arizona Athletic Grounds but masked disappointing financial realities with misleading projections and falsified documents. The initial feasibility study performed in 2016 indicated the project would generate significantly lower revenues than anticipated—a warning sign that went ignored in pursuit of ambition.

In a staggering twist, the project opened to a far cry from its projected success, generating less than $28 million in its first year compared to the nearly $96 million touted to investors. With bankruptcy filings showing that investors recouped a paltry sum of less than $2.5 million from their $284 million investment, many are left to ponder how their trust could be so easily manipulated.

Legal Ramifications and Future Implications

As the case unfolds, Randy and Chad Miller are facing severe legal consequences, including charges for wire fraud, securities fraud, and aggravated identity theft. If convicted, they could spend decades in prison, a sobering reality for the once-celebrated entrepreneurs. The U.S. Securities and Exchange Commission is also pursuing parallel action, further complicating matters for the Millers.

This incident not only reflects the pitfalls that entrepreneurs can face but also highlights the responsibilities of investors to conduct thorough due diligence before committing funds to any venture. The tale of the Millers serves as a stark reminder of the importance of integrity, transparency, and community trust in business practices.

Conclusion

As this saga continues to unfold, the story of the Arizona Athletic Grounds serves as a reflection on ambition gone awry. It’s a stark reminder that behind every grand vision lies the essential need for honesty and ethical conduct. The community of East Mesa, once hopeful for a thriving sports destination, now faces the challenge of moving forward, learning from the past, and rebuilding trust in local business ventures. We can only hope that the lessons from this cautionary tale resonate not just within the realm of sports and entertainment but across all industries that forge the backbone of our economy.