Kevin Durant is making serious money moves with his new investment in the Premier Lacrosse League (PLL). Durant joins billionaire Joe Tsai, Arctos Sports Partners, and Brett Jefferson, Bloomberg reports.
According to Bloomberg, the PLL Major League Lacrosse obtained the Major League Lacrosse in 2020 to institute the sports association as the only outdoor lacrosse organization in the United States.
“The marketplace saw a proof of concept backed up by performance,” said Mike Rabil, PLL’s CEO, who indicated that ESPN gained the media rights for the league.
Rabil wants to expand the league and believes the additional capital will assist those efforts. One strategy will be to promote an off-season tournament leading to the 2023 spring college lacrosse season. Rabil is pushing for lacrosse as an event to be included in the Los Angeles Summer Olympics in 2028.