Senior Pickleball Report
WORLD CLASS ATHLETES AND LEADERS INCLUDING LRMR VENTURES, SC HOLDINGS, DRAYMOND GREEN, AND KEVIN LOVE TO BUY NEW TEAM IN MAJOR LEAGUE PICKLEBALL
Major League Pickleball is welcoming a new ownership group made up of LRMR Ventures, the family office of global icon LeBron James and entrepreneur and CEO Maverick Carter, investment firm SC Holdings, NBA Champions Draymond Green and Kevin Love, The SpringHill Company CMO Paul Rivera, and Relevent Sports Group co-owner and CEO Daniel Sillman.
Group joins Major League Pickleball (MLP) as it pursues an aggressive growth plan to be the premier pickleball professional league in America, capitalizing on pickleball’s fast-rising popularity and participation
This new team joins existing MLP team owners including Drew Brees, Gary Vaynerchuk, Brené Brown, Ryan Serhant, Marc Lasry, James Blake, and Molly Joseph
AUSTIN, Texas /PRNewswire/ — Major League Pickleball is welcoming a new ownership group made up of LRMR Ventures, the family office of global icon LeBron James and entrepreneur and CEO Maverick Carter, investment firm SC Holdings, NBA Champions Draymond Green and Kevin Love, The SpringHill Company CMO Paul Rivera, and Relevent Sports Group co-owner and CEO Daniel Sillman.
MLP is the standard-bearer for pickleball in the United States, delivering the highest-quality and most exciting experience in the sport. Expanding from 12 to 16 teams, MLP will continue to offer the highest prize money payouts per event to its players. In 2023, players will compete in six tournaments across six U.S. cities for more than $2M.
The new ownership group announced today brings unparalleled experience and impact across sports, media, entertainment, and branding. With this group, MLP aims to expand the community beyond its current participants into more diverse communities globally.
“Having SC Holdings, LRMR Ventures, and their incredible group as owners and investors in Major League Pickleball is not just great for MLP, it’s a watershed moment for pickleball in general,” said MLP Founder Steve Kuhn. “Pickleball is the fastest-growing sport in the country, building communities in cities and towns all over the world. This investment and the platform that this group provides will significantly help us with our goal to reach 40 million pickleball players by 2030.”
The 2022 season finale will see 48 players descend on Columbus, Ohio from October 14-16 to compete for the largest single-event prize purse ($319,000) in the history of pickleball, with the winning team taking home $100,000. Students from the LeBron James Family Foundation’s I PROMISE Program in Akron will also be able to learn and experience the sport at the tournament.
“Pickleball is one of the most exciting growth opportunities in sports because of its committed and engaged community across the U.S.,” said Jason Stein, Managing Partner of SC Holdings. “People are obsessed with the game, as both participants and fans, and we’re excited to use our collective experience and expertise across sports, media, and entertainment to reach new participants and expand the community. We’re thrilled to become partners of Major League Pickleball – which as a league and sport is just getting started.”
In the coming weeks, MLP plans to announce further growth to its stacked roster of high-profile owners which includes Super Bowl Champion Drew Brees, entrepreneur Gary Vaynerchuk (Gary Vee), famed lecturer and research professor Brené Brown, co-owner of the Milwaukee Bucks Marc Lasry, former World No.4 tennis player James Blake, healthcare executive Molly Joseph and from Bravo’s Million Dollar Listing New York and Founder and CEO of Serhant, Ryan Serhant.
Corey Benbasset of Douglas Elliman advised the parties on the transaction.
For more information on Major League Pickleball, visit MajorLeaguePickleball.net and follow Major League Pickleball on Facebook, Twitter, Instagram, TikTok, Pinterest and YouTube.
About Major League Pickleball
Major League Pickleball is the first of its kind professional team league in the United States, consisting of 12 teams representing the highest level of professional pickleball. Led by Founder & CEO Steve Kuhn, MLP is committed to making an impact in communities throughout the country, perpetuating the sport’s larger role in society and permeating every facet of pickleball’s business, marketing, and community relations. As the standard-bearer for the fastest-growing sport in the United States, MLP delivers the highest-quality and most exciting experience in pickleball. With iconic team owners, a co-ed team format, an innovative draft, easy to understand scoring, groundbreaking broadcast quality and the highest prize money events in pro pickleball, MLP’s goal is to elevate and grow the sport in everything it does. With the continued success of MLP network and digital platforms, MLP finds innovative ways for its fans to enjoy America’s new favorite national pastime and a truly global game. For more information on Major League Pickleball, visit MajorLeaguePickleball.net and follow Major League Pickleball on Facebook, Twitter, Instagram, TikTok, Pinterest and YouTube.
About SC Holdings
SC Holdings is an investment firm with global experience building businesses and executing transactions. Led by entrepreneurs, SC brings an operator driven approach to partnerships and prides itself on contributing real value to market leading brands and platforms.
About LRMR Ventures
Based in Akron, Ohio, LRMR Ventures is the home office of LeBron James and Maverick Carter that manages their expanding portfolio of global projects, partnerships, investments, and other business ventures. Established in 2006, LRMR facilitates all facets of business from branding, marketing and communications to human resources, finance, and other backend services for its internal companies.
SOURCE Major League 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.
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.
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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.
Dreambreaker: A Pickleball Story Premieres April 11 on truTV
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Subscribe to get the latest posts sent to your email.
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 GroundsRandy 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 truTVExcitement 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.
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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.
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.
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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.
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