The Premier Lacrosse League closed a $100 million Series E financing round co-led by Ares and Joe Tsai, with ESPN, Glen Powell, and Rob Mac joining as additional investors. The raise covers both the PLL and the Women's Lacrosse League, with the leagues citing acceleration toward LA28 and what the organization describes as the next phase of growth. The announcement was made in New York on June 30, 2026.
Round Structure and Investor Lineup
Ares and Joe Tsai co-led the $100 million commitment. ESPN participated as a named strategic backer; Glen Powell and Rob Mac are listed as individual investors. The announcement does not disclose how the $100 million is apportioned among lead and follow investors, the post-close valuation implied by the round, or whether the instrument is structured as equity, convertible notes, or a combination.
The Series E designation signals the PLL has completed at least four prior institutional funding rounds. The source does not provide sizes for those earlier rounds or a cumulative total of external capital raised since the league's founding.
WLL Named Alongside the PLL
The Women's Lacrosse League is explicitly cited in the financing announcement, making clear that the $100 million is not ring-fenced to the men's circuit. The source does not break out any allocation between PLL and WLL operations or describe whether the two leagues share backend infrastructure that would be funded jointly.
The LA28 Horizon
Both leagues are described as accelerating toward LA28, anchoring the round to a concrete near-term milestone. ESPN's dual role — as both a media company and a named investor — is noteworthy in that context, though the announcement does not describe any media rights arrangement tied to the financing. No specific expansion targets, team counts, broadcast metrics, or attendance benchmarks are disclosed against which to measure the stated growth objectives.