Los Angeles Mad Drops Sale: The Los Angeles Mad Drops of Major League Pickleball have sold a majority stake at a $13 million valuation. The purchase was led by Alex Geesbreght, according to NBA insider Marc Stein. The deal highlights the growing value of pickleball franchises across the United States.
Rising Valuations in Major League Pickleball
The sale follows news of the Palm Beach Royals receiving a $16 million franchise valuation. Marc Stein noted these are the two largest transactions since Major League Pickleball and the Professional Pickleball Association Tour merged last year.
Buffalo Bills quarterback Josh Allen and Boston Celtics star Jayson Tatum will remain part of the Los Angeles Mad Drops’ ownership group despite the new majority buyer.
Recent Big Moves for the Mad Drops
The Los Angeles Mad Drops have already been making headlines. Last month, the team made what Todd Boss of Forbes called “the biggest trade in the history of the league.”
They secured star player Ben Johns from the Carolina Hogs in a three-team trade that also involved the Utah Black Diamonds. Johns, who was the No. 1 pick in the 2024 player disbursal draft, adds significant talent to the Los Angeles roster.
With Jayson Tatum, Josh Allen, and now Ben Johns, the team has both celebrity appeal and top-level athletic skill.
Why This Sale Matters
The majority stake purchase shows the increasing financial strength of professional pickleball. With star athletes and high-profile owners involved, the Los Angeles Mad Drops are positioned as one of the league’s most marketable teams. The rising franchise valuations also signal the sport’s continued growth and long-term potential.
News in Brief: Los Angeles Mad Drops Sale
The Los Angeles Mad Drops of Major League Pickleball sold a majority stake at a $13 million valuation, led by Alex Geesbreght. Josh Allen and Jayson Tatum remain co-owners. The team recently added star player Ben Johns in a major trade, further boosting its profile and competitive strength.
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