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CIBC becomes official Commercial and Private Wealth Bank of the Professional Pickleball Association Tour

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CHICAGO /CNW/ – CIBC today announced a multi-year agreement to be the official Commercial and Private Wealth Bank of the Carvana Professional Pickleball Association (PPA) Tour, supporting the continued growth of pickleball as a professional sport across the US.

“Our CIBC team is pleased to be at the leading edge of supporting this dynamic sport as it continues its growth from the recreational courts to the highly competitive professional ranks,” said Stephen Forbes, Executive Vice President, Chief Brand, Marketing and Client Officer. “With some of the best players in the sport, the PPA is creating an exciting and engaging opportunity to give our clients and communities the chance to experience professional pickleball up close.”

CIBC will receive exclusive branding and title sponsorship of the VIP Lounge at each PPA Tour event as well as premier sponsorship position at tournaments in Florida, California and Texas.

“It’s been an incredible journey to build out the PPA Tour’s official categories over the last five years and provide our partners with high-end value and collaboration,” said Connor Pardoe, CEO and commissioner of the PPA Tour. “We couldn’t be more excited to bring CIBC aboard in 2023 as yet another major organization that has recognized the potential that pickleball represents in both sports and business.”

CIBC’s partnership with the PPA Tour follows recent affiliations with Chicago Red Stars and Canada Soccer as the bank supports organizations that make sports accessible and inclusive.

About CIBC

CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the US, CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning. Visit us at cibc.com/US.

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About Carvana PPA Tour

The Carvana PPA Tour is the professional tour of pickleball, organizing events and rankings for the top male and female pickleball players worldwide and awarding more than $5.5 million in annual prize money with equal play and pay. The Carvana PPA Tour is set to host 25 events in 2023 at world-class facilities like the Lindner Family Tennis Center in Cincinnati, Mission Hills Country Club in California, and the Darling Tennis Center and Mandalay Bay in Las Vegas. Inviting all to compete and “play where the pros play,” the Carvana PPA Tour offers amateur divisions of play for every level, unparalleled experiences for fans and spectators, gorgeous venues, pro player meet-and-greets, food/beverages, live entertainment, VIP upgrades, giveaways and games, shopping, vendors, and more. Founded in 2018 and based in Salt Lake City, UT, the Carvana PPA Tour is owned and operated by parent corporation, Pickleball.com. For more information, go to www.ppatour.com. See Pro Player Profiles and follow us on social: Twitter Instagram YouTube Facebook LinkedIn.

Private banking is offered by CIBC Bank USA, Member FDIC and   Equal Housing Lender. The CIBC logo is a registered trademark of CIBC, used under license. © 2023 CIBC Bank USA

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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.

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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:
https://www.cnn.com/2022/05/27/world/rafael-nadal-philosophy-blake-cec/index.html

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Pickleball Mastery

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

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Senior Pickleball Report

Fifty Dollar D.I.Y. Pickleball Court?

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

https://stmdailynews.com/sleeves-senior-pickleball-report/

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/


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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.

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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.

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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.

Related link:

https://www.themesatribune.com/news/300m-mesa-sports-park-fraud-alleged/article_44c8a2cb-900d-42c7-a737-2e5a03c5ee88.html

Get the latest updates and information on the rapidly growing sport of pickleball, which is 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/

https://stmdailynews.com/the-fate-of-lucky-supermarkets-in-socal/

The fate of Lucky Supermarkets in SoCal

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