Billionaire Marc Lasry, who sold his stake in the Milwaukee Bucks, sees pickleball offering a better return than investment in the NBA
Billionaire investor Marc Lasry has shifted from the basketball court to the pickleball court — and sees it as a money-making move. he believes his investments in pickleball and other upstart sports leagues could offer a higher return than those in NBA teams.
"There's massive opportunities in sports — but I think those opportunities are in smaller teams," said Lasry, who in 2021This year, the 63-year-old investor agreed to sell his 25% stake in the Milwaukee Bucks basketball team. That transaction values the National Basketball Association franchise at about $3.5 billion.
"Pickleball three years ago was [worth] $100,000. Today, it's $10 million," he said, adding that it's doubtful the Bucks' value will grow at a similar rate over the next five to 10 years.
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