Premier Lacrosse League raises $100 million to cut youth costs

Yahoo Finance··Read original
2▲2 ▼0Impact / 5
Summary · why it matters

The Premier Lacrosse League has raised $100 million in its latest funding round, led by Ares Management funds and Alibaba billionaire Joe Tsai. Co-founder Paul Rabil says part of the capital will help reduce youth lacrosse expenses, where families can spend up to $25,000 annually. The league aims to lower costs to boost participation and fandom, rather than focusing on margins. Lacrosse is set to return to the Olympics in 2028 for the first time in over a century, which Rabil calls the biggest moment in the sport's history.

Impact on assets 2

Financials▲ · 1 stocks
Ares Management LP
ARES
▲ PositiveCapitalrelevance

Ares Management funds led the $100M funding round, indicating a successful investment and capital deployment.

Artificial Intelligence▲ · 1 stocks
Alibaba Group Holding Ltd
9988
▲ PositiveCapitalrelevance

Alibaba billionaire Joe Tsai participated in the funding round, reflecting a positive investment move.

© 2026 MarketIVNews